After the June jobs report that smashed expectations, Treasury Secretary Steven Mnuchin said the next round of coronavirus relief — known as Phase 4 — will be much more targeted.
Congress has already authorized about $3 trillion for fighting the virus, but experts say Washington will have to do more to support a recovery. Phase 2Less than two weeks later, on March 18, the Families First Coronavirus Response Act, or “Phase 2,” became law. Story continuesPhase 3.5Lawmakers quickly realized they had to do more, but it took weeks to work through partisan gridlock. Ultimately, Congress passed a nearly $500 billion interim bill that replenished the Paycheck Protection Program, funding other small-business loans, expanded COVID-19 testing and included more money for hospitals.
“That’s made it tough for some small businesses in particular to get people to come back,” said Sen. Rob Portman in an interview.“It would be unconscionable for Republicans to allow supercharged unemployment benefits to expire with the unemployment rate above 11% and 2.3 million new unemployment claims just this week,” said Sen. Ron Wyden in a statement on Thursday.
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Washington, trump admin, has told us to live with it. What they seem to mean is die with it.
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