0 Followers

Sen. Lindsey Graham Says Government Could Underwrite ‘70 Percent’ of U.S. Payroll if Coronavirus Containment Continues

March 20, 2020
52 Views

Senator Lindsey Graham (R., S.C.) on Friday warned that federal and state governments could be forced to support a large segment of the American workforce if measures designed to contain the Wuhan coronavirus remain in place.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="“I talked with [Treasury Secretary Steve] Mnuchin this morning. Here’s the challenge, and we’ve just got to tell the public the truth: we’re going to be floating probably 70 percent of the nation’s payroll,” Graham told reporters on Capitol Hill. “The federal government in some form, working with the states and the private sector, but mostly the federal government is going to underwrite 70 percent of the payroll in this country if the containment policies continue to be this aggressive.”” data-reactid=”20″>“I talked with [Treasury Secretary Steve] Mnuchin this morning. Here’s the challenge, and we’ve just got to tell the public the truth: we’re going to be floating probably 70 percent of the nation’s payroll,” Graham told reporters on Capitol Hill. “The federal government in some form, working with the states and the private sector, but mostly the federal government is going to underwrite 70 percent of the payroll in this country if the containment policies continue to be this aggressive.”

Graham said the economic stimulus currently being hashed out by senators in conjunction with the White House will be much more expensive than originally thought.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="“It’s going to be a hell of a lot more than $1 trillion,” Graham said. Other Republican and Democratic senators have privately agreed that the stimulus will exceed the $1 trillion mark, CNN reported on Friday. Senate Majority Leader Mitch McConnell (R., Ky.) said the body would be ready to vote on the stimulus by Monday.” data-reactid=”22″>“It’s going to be a hell of a lot more than $1 trillion,” Graham said. Other Republican and Democratic senators have privately agreed that the stimulus will exceed the $1 trillion mark, CNN reported on Friday. Senate Majority Leader Mitch McConnell (R., Ky.) said the body would be ready to vote on the stimulus by Monday.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="“We expect to have an agreement by the end of today,” McConnell told CNN. “The game plan remains the same. We will be voting on a final package in the Senate on Monday.”” data-reactid=”23″>“We expect to have an agreement by the end of today,” McConnell told CNN. “The game plan remains the same. We will be voting on a final package in the Senate on Monday.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Wuhan coronavirus pandemic has caused large swaths of the U.S. to implement closures of schools, theaters and other public venues, with New York and California ordering nonessential workers to stay at home and residents to remain home as much as possible. Jobless claims have surged by 281,000 since March 8, the highest rise since September 2017.” data-reactid=”24″>The Wuhan coronavirus pandemic has caused large swaths of the U.S. to implement closures of schools, theaters and other public venues, with New York and California ordering nonessential workers to stay at home and residents to remain home as much as possible. Jobless claims have surged by 281,000 since March 8, the highest rise since September 2017.

More from National Review

You may be interested

Pregnant woman rescues husband from shark attack in Florida
News
8 views
News
8 views

Pregnant woman rescues husband from shark attack in Florida

admin - September 24, 2020

A bull shark is believed to have carried out the attack on Mr EddyA pregnant woman dived into the sea…

Trump's refusal to commit to peaceful transfer of power provokes outrage, rebukes on Capitol Hill
News
6 views
News
6 views

Trump's refusal to commit to peaceful transfer of power provokes outrage, rebukes on Capitol Hill

admin - September 24, 2020

President Trump’s stunning refusal to commit to a peaceful transfer of power should he lose the election to Joe Biden…

Mysterious beaked whale smashes mammal diving record
News
5 views
News
5 views

Mysterious beaked whale smashes mammal diving record

admin - September 24, 2020

A little known, shy whale has surprised scientists by staying submerged for almost four hours.Cuvier's beaked whales are known for…

Leave a Comment

Your email address will not be published.