Coronavirus
Why Election Results Could Point to Smaller Coronavirus Stimulus
One day after the election, the question on everyone’s lips is still, “Who will be president in 2021?”
While official results still hang in the balance for the immediate future, they do point to one thing: a smaller stimulus package, according to Brian Gardner, chief Washington policy strategist at Stifel.
Washington lawmakers have negotiated for months to put together a follow-up stimulus package to the CARES Act, which injected more than $2 trillion into the ailing U.S. economy in the spring.
While House Democrats initially set their target at approximately $3 trillion, they recently reduced that to $2.2 trillion. Senate Republicans, meanwhile, have advocated for a smaller $500 billion injection into the ailing economy.
