Kudlow says there ‘may well be’ additional coronavirus stimulus legislation
President Trump’s chief economic adviser, Larry Kudlow, said Sunday that there may be additional coronavirus stimulus legislation, but nothing has been decided yet.
“There may well be additional legislation, there’s kind of a pause period right now,” Kudlow said on “CNN’s State of the Union.”
Kudlow also said “let’s see” the effects of stimulus bills that have already been passed as some states gradually reopen economies.
He suggested revisiting the possibility in “a couple of weeks.”
Governors of both parties have been pushing for Congress to provide more federal funding toward local governments facing budgetary concerns amid the coronavirus pandemic.
Kudlow noted on CNN that the federal government has “poured hundreds of billions” into states.
“Perhaps there will be more of that, we will wait and see,” he added.
He also suggested funding could be linked to whether states have sanctuary cities.
“I want to say this regarding the states, as you know the president has [from] time to time spoken about linking that to sanctuary cities. I don’t think anything [has] been decided yet,” Kudlow said.
White House economic adviser Kevin Hasset said Saturday, however, that there’s a possibility that another stimulus bill may not be needed.
“I think right now, because there’s been good news really, that the opening up is starting to happen faster than we expected, appears to be doing so safely, then there is a chance that we won’t really need a phase four,” Hassett said on Fox News.
President Trump said last week that he would consider funding for states in a next coronavirus stimulus bill, but reiterated the administration’s stance on taking a “pause.”
“We’re going to look at it. I think we want to take a little bit of a pause,” Trump said during a White House briefing on Thursday.