President Donald Trump said Friday he’s in “no rush” to negotiate another financial rescue bill, even as the government reported that more than 20 million Americans lost their jobs last month due to economic upheaval caused by the coronavirus.
Kudlow added that talks were in a “lull” and that administration officials and legislators would “regroup” in the next several weeks.
“We’re in no rush, we’re in no rush,” Trump told reporters Friday during an event with House Republicans. He called on Democratic-controlled House to return to Washington, adding, “We want to see what they have.” “No one could look at today’s jobs report, the highest unemployment since the Great Depression, and say we should hit the pause button on further government action,” Schumer said in a statement.He compared Trump and his GOP allies in Congress to former President Herbert Hoover, who is often seen as failing to respond adequately to that crisis. “We need a big, bold approach now to support American workers and families,” Schumer said.
While Trump initially indicated he’d be amenable to helping state and local governments, he’s increasingly listening to conservative voices within his administration and on Capitol Hill arguing it would be an unwarranted “bailout” for ‘fiscally irresponsible’ jurisdictions. Trump aides believe they have bought themselves some leverage on the state and local assistance matter with a rule change announced by the Treasury Department last week that allows states to use the funding they received in early relief packages to assist first responders.
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