US President Donald Trump speaks to the press as he departs the White House in Washington, DC, on May 21, 2020.
Mandel Ngan | AFP | Getty Images
President Donald Trump and his advisors showed more support for a new round of coronavirus relief spending this week as economic damage from the pandemic mounts.
The president on Thursday said “I think we’re going to be helping people out” and “getting some money for them” as tens of millions of Americans lose paychecks and businesses struggle to survive with public health restrictions still in place in much of the country. He added that the U.S. could take “one more nice shot” at stimulus.
Trump’s advisors have echoed his sentiment. On Friday morning, economic advisor Kevin Hassett told CNN another round of aid is “pretty likely,” saying he believes “it’s coming sooner rather than later.”
Treasury Secretary Steven Mnuchin also said Thursday that he sees a “strong likelihood” the U.S. will need more stimulus.
Support has mounted in the White House as Congress fails to strike a consensus on how to lift a U.S. economy collapsing under the weight of the pandemic. More than 38 million people have filed jobless claims since the crisis started, and second-quarter GDP is expected to plunge.
Democrats have pushed for an immediate, sweeping plan to push more spending money to individuals, expand the social safety net during the crisis and make voting safer by expanding mail-in ballot access. The House passed a $3 trillion relief package…
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