ML-Implode News - A Stimulus Deal That's Too Little, Too Late

As the tens of millions of families and businesses struggling while the coronavirus tears through the country already knew, the recovery from the economic crash of the spring has been substantially uneven. Combined with the long-coming downturn in economic activity this winter, more action from the federal government was always going to be necessary.
The drawback of this bill, besides the unnecessary delay of its passage, is how its two most direct approaches to economic relief -- direct payments and unemployment benefits -- appeared to have been played off each other to keep spending under the completely arbitrary budgetary price tag of $1 trillion, a limit pushed for by the Senate majority leader, Mitch McConnell, and supported by most of his caucus.

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A Stimulus Deal That's Too Little, Too Late