Washington’s Kudlow pledges to more aids for small businesses as US economy reopens


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Washington’s Kudlow pledges to more aids for small businesses as US economy reopens

On Sunday, the 3rd of May 2020, as the US economy has partially reopened defying expert opinions that a pre-matured ease of lockdown could lead to an uncontrollable resurgence of the pandemic cases, White House Economic Advisor Larry Kudlow said that he would not rule out possibilities of further relief bills for states and small businesses in order to offset the tremendous scale of tattering the US economy had been grappling with, suggesting a free flow of fresh capital for local and state governments alongside small businesses in a near-term outlook.

In point of fact, Sunday’s (May 3rd) remark of Larry Kudlow followed a media report that the United States had processed more than $500 billion in debts for the small-scale businesses as a part of the $3.8 trillion bailout package approved a couple of weeks earlier, though Democrats had been pushing for additional relief bills in order to help stem the lost revenues resulted from a nearly two-month long lockdown.

Meanwhile, as the pandemic relief bills alongside a blame game on who could be held accountable for the pandemic-driven global-scale massacre less than six months before the US 2020 Presidential election, had turned utterly political which could cost the US President Donald Trump’s re-election bid, in an interview with the CNN’s “State of the Union,” White House economic adviser Larry Kudlow, a former Democrat turned conservative Republican, said on Sunday (May 3rd), “We know the economy is still in a terrible, contractionary phase, tremendous hardships, everywhere.

We’re trying to work through this. I don’t want to rule in or out anything right now. We are in discussions internally and with leading members of Congress. ”