White House economic adviser Larry KudlowLawrence (Larry) Alan KudlowMORE signaled Friday that formal negotiations on a fourth coronavirus stimulus package would be paused until early June.
Were in a lot of conversations right now. Weve kind of paused as far as formal negotiations go, Kudlow told reporters at the White House. Lets have a look at what the latest round produces. You need a month or so to evaluate that.
Kudlow also noted that he and White House economic adviser Kevin Hassett continue to hold discussions with lawmakers, including a phone call Thursday with about 50 bipartisan members of the House.
Kudlow emphasized that it was important to evaluate the impact of the last round of stimulus and the effect of states loosening coronavirus restrictions before enacting legislation providing further relief.
“We just had another big infusion. We put all this money in, which is fine. It’s well worth it. Let’s see what happens, Kudlow said. As we move into the reopening phase this month, maybe spillover to June, let’s have a look at it before we decide who, what, where, when.”
President TrumpDonald John TrumpGuidelines drafted by CDC were rejected by Trump administration citing religious freedom, economic concerns: reportTara Reade represented by well-known lawyer, Trump campaign donorBarr says it was ‘duty’ to drop Flynn case: ‘It upheld the rule of law’ MORE also told reporters later Friday that the administration was not in a rush to reach a deal on a fourth measure to stem the economic fallout of the pandemic.
“Were in no rush. Were in no rush. The Democrats have to do what they have to do, but I would say were not looking we want to see what they have. But I cant say that were in a rush, Trump told reporters during a meeting with GOP lawmakers. We were in a rush to get the money out to people. We have gotten the money out.”
Trump in late March signed a bipartisan $2 trillion relief package that included one-time $1,200 payments to many Americans, assistance for small businesses and enhanced unemployment benefits. Trump has since signed legislation replenishing a small business loan program meant to provide assistance to businesses impacted by coronavirus closures.
House Democrats are pushing forward on crafting a fourth stimulus proposal, eyeing assistance for states and cities. Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellDon’t hold Puerto Rico hostage: Pass the Earthquake Supplemental OVENIGHT DEFENSE: Navy secretary nominee: Service in ‘rough waters’ after ‘failure of leadership’| Senate fails to override Trump’s Iran war powers veto| Top Armed Services Republican expects to address Pentagon border wall funds in defense policy billOn The Money: 3.2 million more Americans file new jobless claims | Schumer, Pelosi set to unveil ‘Rooseveltian’ relief package | Pelosi pushes back on Trump’s call for capital gains tax cuts MORE (R-Ky.), meanwhile, has called for a pause on emergency assistance until the trillions already allocated get out the door. He has resisted Democrats push for more state funding and has also discussed a pause on the outflow of congressional spending.
Trump has advocated for a payroll tax holiday, infrastructure funding and tax incentives for businesses spending money on meals and entertainment to be part of a fourth package. The idea of a payroll tax cut has been met with skepticism by lawmakers on Capitol Hill, however.
White House press secretary Kayleigh McEnany told reporters at a briefing that Trump wanted to move to consider a phase four, targeting House Speaker Nancy PelosiNancy PelosiOn The Money: 3.2 million more Americans file new jobless claims | Schumer, Pelosi set to unveil ‘Rooseveltian’ relief package | Pelosi pushes back on Trump’s call for capital gains tax cuts Pelosi slams move to drop Flynn case: ‘Barr’s politicization of justice knows no bounds’Overnight Health Care: Schumer, Pelosi set to unveil ‘Rooseveltian’ relief package | GOP chairman says nation needs ‘millions’ more tests to safely reopen | Harvard study says only nine states ready to reopen safelyMORE (D-Calif.) for not calling back the House to Washington.
I think Nancy Pelosi should explore coming back and having the House come back and having those discussions, McEnany said when asked about Kudlows remarks. We know the Senate is here. I think it’s important for us to move and look at a phase four. The President thinks so too. So, those negotiations will happen.
The Senate reconvened this week but the House has delayed its return on advice from the attending physician.
Brett Samuels contributed.
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