CBS News
Transcript: Mary Daly on Face the Nation, December 20, 2020
The following is a transcript of an interview with San Francisco Federal Reserve Bank President Mary Daly that aired Sunday, December 20, 2020, on Face the Nation.
MARGARET BRENNAN: We go now to the president and CEO of the Federal Reserve Bank of San Francisco, Mary Daly. Good morning to you.
FEDERAL RESERVE BANK OF SAN FRANCISCO PRESIDENT MARY DALY: Good morning, MARGARET. And thank you so much for having me.
MARGARET BRENNAN: I would love for you to just give us the bottom line here. We know Congress has pumped in four trillion dollars into the economy to help with the pandemic. They re about to possibly pass about $900 billion in aid. Will all of this make a significant difference in propping up the economy?
U S Congress finalizing COVID-19 aid package, but votes not yet set metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
21 Dec 2020 / 02:25 H.
(Adds McConnell, Cornyn)
By David Lawder
WASHINGTON, Dec 20 (Reuters) - The top Democrat and top Republican in the U.S. Congress on Sunday said separately they believed they were close to a vote to pass a $900 billion package to provide the first new aid in months to an economy hammered by the pandemic.
Their remarks followed late-night negotiation in which senators from both parties struck a compromise to clear one of the final hurdles, a dispute over Federal Reserve pandemic lending authorities.
The package would give $600 direct payments to individuals and boost unemployment payments by $300 per week. Congress aims to include the coronavirus aid package in a $1.4 trillion spending bill funding government programs through September 2021.
$900 billion coronavirus aid is unequivocally beneficial: Fed official business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.