The Intelligence from The Economist Cheques imbalances: America’s partisan stimulus battle
Jul 20, 2020
Idris Kaloun, U.S. policy correspondent, and Charlotte Howard, energy and commodities editor, dive into America's economic turmoil. They tackle the partisan battles over COVID-19 stimulus, highlighting conflicting proposals in Congress. With oil prices plummeting, the podcast discusses the oil industry's struggle and evolving strategies amid climate concerns. The guests also explore the intriguing connection between national wealth and happiness, questioning the effectiveness of GDP as a happiness measure. Tune in for sharp insights on economic recovery and industry challenges!
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COVID-19 Aid Bill
- America's legislators returned to Congress as COVID-19 cases surge.
- They will address another coronavirus aid bill after the $2 trillion CARES Act.
Stimulus Disagreement
- Democrats and Republicans disagree on the next stimulus bill.
- Trillions have been spent, and more will be needed.
Differing Proposals
- Democrats propose a $3.4 trillion package, including extended unemployment benefits and aid to states/cities.
- Republicans prefer a more modest $1.3 trillion approach, focused on encouraging work and school reopening.