About This Source - Bloomberg QuickTake: Now
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It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Quicktake: Now published this video item, entitled “Pelosi Sees Stimulus Momentum as GOP Grouses on State Aid” – below is their description.
House Speaker Nancy Pelosi said there’s momentum building toward a compromise fiscal stimulus plan, though Republicans complained about the scale of aid to states included in the bipartisan proposal that’s become the best chance yet for a deal.
“There is momentum with the action” by a group of Republican and Democratic lawmakers on a $908 billion package, Pelosi said at a press conference Friday in Washington. She said she and Senate Majority Leader Mitch McConnell have discussed attaching the relief measures to an omnibus spending bill that the parties are working on separately to keep the government funded beyond Dec. 11 into 2021.
While Democrats wanted a much bigger effort, the fact that President-elect Joe Biden — who aims to seek additional economic-rescue measures — will be taking over soon, and the imminence of coronavirus vaccines, have amounted to a “game changer,” Pelosi said.
An agreement is still pending, however, with White House economic adviser Larry Kudlow saying “I can’t say one way or the other what the outcome’s going to be.” He also indicated that the $160 billion proposed for state and local aid in the bipartisan package could be a problem for the GOP, which has decried a bailout for poorly run Democratic-led states.
“Senator McConnell has indicated that he’s not happy with that part of the bipartisan group” plan, Kudlow said on Bloomberg TV.
As support was building for the proposal, so were complaints.
Vermont Senator Bernie Sanders, who has a fervent following among progressive Democrats, said he’d vote against the bipartisan effort “unless it’s significantly improved.”
He cited a provision to suspend coronavirus liability lawsuits and the lack of direct payments to individuals.
New York Representative Alexandria Ocasio-Cortez also said that the legislation should include such payments, though she told NBC News that she’d support the framework from the bipartisan group. She said she was willing to work with Republicans like Missouri Senator Josh Hawley, who supports such aid, to get it passed. Hawley replied affirmatively on Twitter.Bloomberg Quicktake: Now YouTube Channel
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