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Does he have the ability to do this, do you agree with the decision . Sen. Schumer i agree with the decision and i know that he will check things out legally. Thank you, everybody. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] a we take you live to discussion on fiscal policy in the Incoming Biden Administration and congress, hosted by the brookings institution. Size i think is ambiguous and policy occur through a political process. I would rather see something that is a little bit smaller but that could pass this week or next week, rather than wait for something that is a little bit until, but will not pass february. If you look at the output gap, i think a trillion dollars is a reasonable figure for the next round of stimulus. I think democrats should be willing to take a couple hundred billion dollars less than that. Repub ....
With the cares act in march and prevented the covid pandemic from doing even more harm to the economy and welfare of americans than it did. The cares act is essentially been spent, many people are about to lose benefits. Unless Congress Acts. And unless Congress Acts fiscal policy soon will be a drag on growth. They are still more than 11 Million People still unemployed by the official count. Most economists and certainly those gathered here today agree more fiscal support is necessary. Following that discussion, we turn to an issue predating the pandemic him one that persists. How to think about the federal debt and very low Interest Rates. Its growing and unsustainable rate. There is sentiment among comp economists for doing anything about that right now. When is a ....
Steve, do you want to say a few words where we are . Yes, mr. President. Mark and i have been working past few weeks with mitch and kevin what we see is jobs. Cus is kids and the recovery act, cares 4. 0. We spent an unprecedented amount of money. Of it, 3 trillion, we still have left to put in the economy and put back to work. Focused on starting with another 1 trillion. E think that will make a big impact. The focus is, as i said, is jobs and ut kids and vaccines. Were going to make sure we have a vaccine by the end of the year for emergency use. And the plan is we just updated the president and vice president. This. Igned off on mark and i will be meeting tomorrow with the republicans at a full h to give them briefing and then we will also be reaching out to the democrats our discussions. But we are committed that by the make sure month, before the enhanced Unemployment Insurance expires that we pass so that we can prot ....