Source: United States House of Representatives – Congressman Gregorio Kilili Camacho Sablan (Northern Mariana Islands)
Despite President Trump’s order to end negotiations over new pandemic relief legislation, I remain hopeful that there will be an agreement, because the need for aid to individuals, businesses, and states and territories is not going away. Federal Reserve Bank Chairman Jerome Powell said Tuesday that the risks of Congress pouring too much stimulus into the economy are far lower than the risk of not doing enough. Although government spending is adding to an already sky-high federal budget, lawmakers should act. I completely agree with Chairman Powell that until the pandemic is under control, the situation will just get worse. The President and his allies in the Senate cannot ignore that reality. Read the full news release here.