Listen and subscribe to ‘The Daily’
Apple Podcasts | Spotify | Stitcher
In March, Congress pushed through a relief package that preserved the U.S. economy during the pandemic. It felt like government functioning at its best.
But now, that money is running out and bipartisanship has given way to an ideological stalemate.
While Republicans balk at plans for further significant government spending — even those coming from the White House — Democrats are holding out for more money and a broader package of measures.
The absence of a deal could have dire consequences. One economist estimates that without a stimulus package, there could be four million fewer jobs next year.
We talk to Jim Tankersley, who covers the economy for The Times, about what’s getting in the way of an agreement.
After posting on Twitter that he was ending talks, President Trump reversed course, raising the stimulus offer to $1.8 trillion. But his own party may reject that plan, handing Democrats fresh leverage.
While Democrats hold out for more concessions, deep divisions among Senate Republicans stand in the way of any relief bill.
There are a lot of ways to listen to ‘The Daily.’ Here’s how.
We want to hear from you. Tune in, and tell us what you think. Email us at [email protected]. Follow Michael Barbaro on Twitter: @mikiebarb. And if you’re interested in advertising with “The Daily,” write to us at [email protected].
Jim Tankersley contributed reporting.
“The Daily” is made by Theo Balcomb, Andy Mills, Lisa Tobin, Rachel Quester, Lynsea Garrison, Annie Brown, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Larissa Anderson, Wendy Dorr, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, Kelly Prime, Julia Longoria, Sindhu Gnanasambandan, M.J. Davis Lin, Austin Mitchell, Neena Pathak, Dan Powell, Dave Shaw, Sydney Harper, Daniel Guillemette, Hans Buetow, Robert Jimison, Mike Benoist, Bianca Giaever, Liz O. Baylen, Asthaa Chaturvedi and Rachelle Bonja. Our theme music is by Jim Brunberg and Ben Landsverk of Wonderly. Special thanks to Sam Dolnick, Mikayla Bouchard, Lauren Jackson, Julia Simon, Mahima Chablani, Nora Keller, Sofia Milan and Desiree Ibekwe.