March 17, 2020
The Playbook Podcast
POLITICO
3.9 • 699 Ratings
🗓️ 17 March 2020
⏱️ 5 minutes
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| 0:00.0 | Stay tuned after the show for a message from United Health Group. |
| 0:04.9 | Good Tuesday morning. I'm Jake Sherman and welcome to your political playbook audio briefing. |
| 0:09.2 | And I'm Anna Palmer. Sometimes, and it's not often, members of Congress decide to go big |
| 0:14.3 | and move quickly with a breakneck speed that's hard to fathom. That may be what's happening |
| 0:19.1 | right now with the phase three stimulus. Some key Senate |
| 0:22.9 | Republicans have decided that being in the Capitol, a complex of buildings, teeming with people |
| 0:27.6 | above the age of 60 during a pandemic, is an epically bad idea. Florida Senator Marco Rubio |
| 0:35.1 | told our colleague John Bresdenhan that he doesn't think the Senate can |
| 0:38.7 | convene every week like this as they are this week. A caveat, nothing is decided. Things go sideways |
| 0:44.9 | in the capital every day, but there seems to be a new move with speed vibe pulsing through the Senate |
| 0:49.4 | GOP. Here's what we know as of 6 a.m. Eastern. Treasury Secretary Stephen Mnuchin and the Trump administration are eager to inject hundreds of billions of dollars into the economy right now, and they want Congress to move with speed. |
| 1:00.3 | Mnuchin is expected to return to the Capitol today asking for a phase three stimulus package of $850 billion or more. |
| 1:07.3 | That's according to multiple sources involved in assembling this deal. |
| 1:10.1 | As a point of comparison, the Joint Committee on Taxation said Phase 2 cost $100 billion, |
| 1:15.1 | so Phase 3 could be more than eight times larger than Phase 2. |
| 1:19.6 | TARP was $475 billion, but banks made the government whole eventually. |
| 1:23.7 | Newton, who, without a doubt, has emerged as the savviest administration figure in dealing with Congress, |
| 1:29.4 | will have policy suggestions, but Congress is going to have a big say on what actually makes it in the package. |
| 1:36.2 | The Trump administration does not give a lick about the price tag at this point. |
| 1:40.4 | It just wants speed. |
| 1:42.4 | We are skeptical because these things usually take time on Capitol Hill, unless they don't. |
| 1:47.9 | The $850 billion figure may be calming to markets, which we're looking up this morning. |
... |
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