Speaker Pelosi warns the economic ramifications of the coronavirus outbreak could lead the U.S. into a depression.
"The shelter-in-place is making a big difference, but we really don't have an evaluation until we know the extent of the problem: testing, testing, testing," she said, adding that the nation is"flying blind" without that data.Pelosi was dismissive of the idea of re-opening the country in stages in which some regions' restrictions are eased before others.
Trump tweeted Friday about Democrats blocking the GOP proposal on Thursday and said he would like to see an infrastructure plan and payroll tax cuts in the next major relief measure. Democrats are blocking a 251 Billion Dollar funding boost for Small Businesses which will help them keep their employees. It should be for only that reason, with no additions. We should have a big Infrastructure Phase Four with Payroll Tax Cuts & more. Big Economic Bounceback!Pelosi recently suggested that Democrats would rather focus on continuing to help more Americans directly in the next phase instead of infrastructure funding. Democrats have opposed Trump's payroll tax cut proposal.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Pelosi warns Trump not to reopen country too soonPelosi says the House is unlikely to return to session later this month due to coronavirus
Lire la suite »
Pelosi: more small business spending alone would not pass U.S. HouseU.S. House Speaker Nancy Pelosi said on Wednesday that $250 billion in coronavirus relief for small businesses desired by Republicans could not pass the House of Representatives on its own under current procedures, which require a unanimous vote of those present while most of Congress is out of town.
Lire la suite »
Pelosi And Schumer Push To Double Size Of 'Interim Emergency' Relief BillNancy Pelosi and Chuck Schumer have outlined their demands for what should be in an 'interim emergency' coronavirus relief bill — doubling the potential price tag to $500 billion.
Lire la suite »
The Economic Hit From Coronavirus Will Be Worst Since The Great Depression, IMF WarnsThe International Monetary Fund's Managing Director Kristalina Georgieva said in a briefing today that the agency is anticipating the worst economic fallout since the Great Depression by MattRyanPerez
Lire la suite »
The WTO warns that the coronavirus pandemic could create another Great Depression - Business InsiderThe best-case scenario for global trade is a 13% decline, worse than during the Great Recession; the worst case would be 32%, last seen in the 1930s.
Lire la suite »
Start-up market is 'stratified' but it's 'the greatest time to start a company,' PayPal co-founder saysMax Levchin discussed how the coronavirus-induced economic slowdown is impacting the start-up world.
Lire la suite »