White House economic adviser Larry Kudlow said on CNN’s “State of the Union” Sunday that President Trump may propose a coronavirus stimulus package with an even larger price tag than the $2.2 trillion legislation that House Speaker Nancy Pelosi has offered.
Why it matters: It’s highly unlikely that a bill in the neighborhood of $2 trillion, let alone more than that, would win the support of Senate Republicans. Senate Majority Leader Mitch McConnell said Friday that a stimulus deal is “unlikely” before the election.
The state of play: After calling off the negotiations via tweet last week, Trump has now raised his offer to $1.8 trillion, spooked by the market reaction to his move and desperate to inject stimulus into the economy before the election.
- Pelosi said the proposal was “one step forward, two steps back,” accusing the administration of failing to include public health measures in the package that