White House wants stimulus by August recess with $1 Trillion cap

From Transport Topics. The White House wants Congress to pass another stimulus package by the first week in August, before lawmakers head home for their annual summer recess, and to keep the cost at $1 trillion or less, according to Vice President Mike Pence’s top aide. “I think we want to make sure that people…

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From Transport Topics.

The White House wants Congress to pass another stimulus package by the first week in August, before lawmakers head home for their annual summer recess, and to keep the cost at $1 trillion or less, according to Vice President Mike Pence’s top aide.

“I think we want to make sure that people that are still unemployed or hurting are protected but at the same time, we want to take into consideration the fact the economy is bouncing back and want to try to contain the amount of spending,” Marc Short, Pence’s chief of staff, said July 7 in an interview with Bloomberg Radio.

“There’s obviously been a lot of stimulus put in the system over the last couple bills, and so the price tag for us would be that.”

The White House and lawmakers are set to intensify talks on a new package of virus-related stimulus this month, after they return to Washington from their Independence Day holiday break. Trump administration officials have eyed a $1 trillion spending cap since at least early June, Bloomberg News reported last month.

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