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White House's Kudlow: moment for 'generous' unemployment benefits has passed

Published 07/02/2020, 12:11 PM
Updated 07/02/2020, 12:15 PM
© Reuters. U.S. President Donald Trump holds press briefing on the U.S. economy and unemployment numbers at White House in Washington

WASHINGTON (Reuters) - White House Economic Adviser Larry Kudlow, heralding the U.S. gains in millions of jobs in June, said on Thursday Americans no longer need extra money that was tacked on to unemployment benefits to help those laid off during the coronavirus pandemic stay financially afloat.

"The shape of any kind of package is still up in the air," Kudlow said in an interview with Bloomberg TV about a long-promised "Phase 4" coronavirus relief package, but that it would probably not include a provision adding $600 to weekly unemployment payments from previous legislation because "that moment has passed."

"Re-employment benefits probably will help fill the bill," he said.

Latest comments

Economy will sharply tank! And more jobs will be loss! And removes most retail money from the market! This exonomic collapse we all but doom republicans up and down the ballot
Where are they discussing issuing a complaint for being "sick-in-public?"  Areas that adopt such complaint proceedings can open back up with greater confidence the virus won't spread.  Healthy people can choose to work, and not be locked down, with less risk of contacting people who are sick if there are complaint proceedings for being sick-in-public in place.  Where is this being considered, and if no place, why isn't this being discussed?  Sick-in-public complaints are something, (in this pandemic environment,) that is appropriate for the government to accomplish!  Maybe difficult to do, but I think possible.  Yes...?
big mistake. More people out there means more virus and more death. They are putting money over health.
As soon as it ends things will get hairy.
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