Oct 06 2020 26 mins 1.9k
President Donald Trump pulled the plug on a coronavirus relief package today, tweeting that he would sign a bill after the election. For months now, Speaker of the House Nancy Pelosi and Treasury Secretary Steven Mnuchin have been going back and forth over a plan. One key issue: help for state and local governments, which are facing a $155 billion deficit, according to one estimate. Today, we’ll talk with Brookings Institution economist Louise Sheiner about the role those economies play in the broader economic picture and what their needs are are in a recession that looks very different from 2008. How worried should public employees be right now? We’ll have to wait till after the election.
