Economy

Republicans Argue Positive Jobs Report Means More Coronavirus Relief Can Be Put on Hold For Now

Last updated on September 25th, 2023 at 08:57 pm

Read: Samuel Alito Is The Insurrectionist Threat To Democracy On The Supreme Court

A senior Trump administration official told CNN that the release of today’s job report from the Department of Labor (DOL), which shows a drop in the unemployment rate, could allow Republican leadership to make the case to put more coronavirus relief on hold for now.

“Republicans generally want to be patient: There’s a lot of actual spending left to go out the door; the Fed still has trillions in leverage it can put on the table; and as states reopen, we need to understand what is going on in the economy and what new policies might be called for to best help individuals, families, and businesses. Later in July is the earliest possible window for potential legislative action,” the official said.

The United States added 2.5 million jobs during the month of May as businesses began to reopen. Additionally, the unemployment rate dropped to 13.3 percent from 14.7 percent in April, according to the report, a phenomenon that can be attributed to many states reopening their economies and sending people back to work, often against the advice from healthcare and policy professionals.

Both House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) argue that delaying a vote on coronavirus relief could be perilous for many Americans as the coronavirus pandemic continues to rage across the country.

“Now is the worst possible moment to take our foot off the gas,” said Pelosi.

Schumer, likewise, said in a statement: “With nearly 20 million people out of work and unemployment among African Americans increasing, now is not the time to be complacent or take a victory lap.”

Both Democratic leaders urged the Senate to approve the more than $3 trillion stimulus bill that House Democrats passed recently.

Recent Posts

Trump Gets Booed And Bombs At The Libertarian Convention

Trump's speech at the Libertarian Convention featured him getting booed by the audience and was…

12 hours ago

Trump Makes Secret Service Confiscate Rubber Chickens At Libertarian Convention

Trump had the Secret Service confiscate rubber chickens that were handed out by the RFK…

13 hours ago

Jack Smith Moves On Trump’s False FBI Assassination Plot Claims

Special Counsel Jack Smith is requesting that Trump be prohibited from making comments about law…

20 hours ago

Trump Could Get Hammered At Sentencing For Gag Order Violations

Legal experts are suggesting that Trump could face a harsher sentence if he is convicted…

22 hours ago

Hakeem Jeffries Tells The American People To Keep The Heat On Alito And Thomas

House Democratic Leader Hakeem Jeffries (D-NY) said it is up to the American people and…

2 days ago

Trump’s Economic Plan Would Raise Taxes On The Poor And Middle Class

A new study found that Donald Trump's economic plan would raise taxes on poor and…

2 days ago