More To Come: What Experts Say Congress Should Focus On
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theSkimm
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🗓️ 22 May 2020
⏱️ 25 minutes
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| 0:00.0 | Congressional leaders appear to have reached agreement on what is why father biggest stimulus |
| 0:04.8 | package in US history. |
| 0:07.0 | To the American people we say big help, quick help is on the way. |
| 0:11.3 | This will deliver urgently needed relief to our nation's families, workers and businesses. |
| 0:16.9 | At the end of March, in response to the COVID-19 pandemic, Congress passed the largest spending |
| 0:21.9 | package ever in the history of the United States. |
| 0:25.4 | And since then, Congress has pumped even more money into the economy in response to COVID |
| 0:29.9 | 2019, for a total of nearly $2.8 trillion so far. |
| 0:35.2 | Maybe you saw some of that money in the form of a check from the IRS, or extra unemployment |
| 0:40.4 | insurance, or maybe your favorite restaurant was able to hire back its workers and reopen |
| 0:45.5 | for takeout. |
| 0:48.8 | But economists say that historic stimulus bill probably wasn't enough. |
| 0:54.6 | And this week the chairman of the Federal Reserve, Jerome Powell said Congress, may need to |
| 0:58.7 | dig out the checkbook again. |
| 1:01.0 | Here he was on CBS's 60 Minutes. |
| 1:03.8 | Congress has done a great deal and done it very quickly. |
| 1:07.1 | There is no precedent in post-war war two American history that's even close to what Congress |
| 1:13.3 | has done. |
| 1:14.7 | And the question is, will it be enough? |
| 1:17.3 | So today we're going to get into why experts say it wasn't enough and what they say needs |
| 1:22.2 | to happen next. |
| 1:23.8 | That's coming up on this week's Schimbis. |
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