Stay updated with breaking news from Additional debt. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Day on our website, cspan. Org. Senate republicans have unveiled their proposal for another economic aid bill that includes another round of steam the checks, additional unemployment benefits, and an extension of the Patient Protection loan program. This News Conference is 30 minutes. Senator mcconnell good afternoon. Acted withnate last regard to covid19 back in march and april, we had at that point added about 3 trillion to the national debt. We then of course ended up with a debt the size of our economy for the First Time Since world war ii, which is concerning. I said i thought we needed to push the pause button. I began to see the impact of the cares act and related acts that passed during that time. See how we did when the economy began to reopen and take another look at what the country needed in july. Sena ....
Regard to covid19 back in march and april, we had at that point added about 3 trillion to the national debt. We then, of course, ended up with a debt the size of our economy for the First Time Since world war ii, which is in and of itself concerning. So i said, i felt we needed to push the pause button, begin to see the impact of the cares act and related acts during that period. To see how we did when the economy began to reopen and take another look at what the country needed in july. Weve been we meaning Senate Republicans and the administration have been consulting over the last few weeks to come up with a realistic proposal with what we think is an appropriate amount of Additional Debt to be added to the economy at this time. We think it is about a trillion dollars and weve allocated that in a way that we thi ....
Employed. Weve gone through a lot. Covid is probably the most significant disaster in my lifetime affecting peoples lives, the tragedies that weve seen affecting our economy, affecting the federal budget. Today, there were 142 million americans employed. Reduction of 16. 6 million americans or 10. 5 . I want people to remember that 10. 5 . Over the last month or so, thereve been a number of respected economists to meet forecasts of how much our to shrink. These are folks like cbo and Federal Reserve board of governors, economists at Morgan Stanley and goldman sachs. The range of what they are predicting will shrink somewhere between 4. 6 and 8 . This is causing economic devastation. Real toll on young people and as a result of that, congress acted. We acted fast, swiftly, massively. We want to provide financial help to individuals that are unemployed all of a sudden through ....