Congress Wants A Do-Over On Its Coronavirus Debacle
Huff PostHouse Speaker Nancy Pelosi describes her current work on a legislative response to the coronavirus crisis as “Phase Four.” This is misleading. We know last week’s bill was bad because Pelosi felt the need to begin writing another one almost immediately. We are almost certainly experiencing the highest unemployment rate since the Great Depression at this moment ― the official numbers just aren’t in yet ― and the crisis is still accelerating. It’s time for new agencies and new ideas ― new Tennessee Valley Authorities and Works Progress Administrations and plenty of sledgehammers for the corporate juggernauts standing in the way. Even the Federal Reserve’s massive new emergency lending facilities require firms to post investment grade securities as collateral ― no junk bonds allowed.
History of this topic
"Call their bluff": Trump, Vance urge GOP lawmakers to vote down emergency government funding bill
Salon
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
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Yellen tells Congress US expected to hit debt limit Thursday
Associated Press
Yellen warns Congress that U.S. is expected to hit debt limit Thursday
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Drama over the debt ceiling is the last thing America’s economy needs
CNN
Bank CEOs return to testify in front of divided Congress
The Independent
Pelosi Expresses 'Real Optimism' About Reaching Coronavirus Aid Deal
NPR
US coronavirus relief bill hits snag in Senate, talks continue
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