Wednesday, May 20, 2020

Round two of bout three

Senate Republican support for moving the next coronavirus relief bill as soon as next month is growing after Federal Reserve Chairman Jerome Powell warned lawmakers this week that the economic damage caused by the pandemic could last for years.
Senate Majority Leader Mitch McConnell (R-Ky.) has put the brakes on further coronavirus relief negotiations, citing the budgetary impact of trillions of dollars in unanticipated spending.
But a growing group of GOP senators, which includes some of the conference’s most vulnerable members in this year’s elections, say they shouldn’t let another month pass without significant progress on another economic relief package.
They have their Wyle E Coyote moment with D day approaching.  This and the ongoing tax crisis in NY and CA and IL. Plus the small state ear mark crisis. Add in the Boomer retirement crisis. And deadlines to maintain the value chains. 

Try coloring a beach ball.

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