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The Playbook Podcast

March 13, 2020

The Playbook Podcast

POLITICO

Politics, Government, Daily News, News

3.9699 Ratings

🗓️ 13 March 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

Washington’s massive coronavirus challenge, news on U.S. efforts to expand testing and more in today’s Audio Briefing.

Transcript

Click on a timestamp to play from that location

0:00.0

Stay tuned after the show for a message from the American Beverage Association.

0:07.0

Good Friday morning. I'm Anna Palmer and welcome to your Politico Playbook audio briefing.

0:11.3

You thought TARP was bad? The federal response to the coronavirus is shaping up to be a months-long legislative slog.

0:18.5

They will almost certainly be costlier than the bank bailouts of 2008.

0:23.8

By all indications, it will be broader to and will come in the heat of a presidential election

0:28.5

with the incumbent, Donald Trump, atop the ballot. The warm-up act comes today. Later this morning,

0:35.5

Speaker Nancy Pelosi is set to announce that she is a deal

0:38.6

with Treasury Secretary Stephen Mnuchin to institute free coronavirus testing, put in place two

0:44.7

weeks of paid sick leave, and up to three months of paid family leave, bolster unemployment benefits,

0:50.0

ensure school lunches for those who need it, and boost Medicaid funding.

0:59.6

This legislation is coming to the House floor under a fast-tracked process that requires a two-thirds majority. In other words, it's expected to pass with big margins. But in announcing this package

1:06.1

to her colleagues last night, Pelosi let it be known that this is far from the last bout of

1:10.5

legislating for Congress this year. The Speaker wrote in a dear colleague letter that the House

1:14.9

would immediately, quote, get to work on a third emergency response package that will take

1:20.1

further effective action that protects the health, economic security, and well-being of the

1:25.8

American people.

1:33.3

Pelosi also told us when we asked her if she anticipated that Congress would be dealing with us for the foreseeable future,

1:39.4

well, hopefully, we'll be able to take inventory, find out the extent of this crisis in our country.

1:50.0

Part of Congress's challenge at this point is that the United States has no actual idea how many Americans will be ultimately diagnosed with the deadly COVID-19 virus.

1:57.0

The fatality estimates alone range from the low hundreds to more than one million, to say nothing of total cases.

2:02.0

But while there's no way to gauge the total scope of the crisis, it's obvious the federal government will require massive resources to cushion the economic blow and manage the outbreak.

2:08.4

There's already talk of a sweeping multi-industry response. The administration seems intent

...

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