Economists urge Congress to send out second round of $1,200 stimulus checks

Economists urge Congress to send out second round of $1,200 stimulus checks

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A group of more than 125 economists is calling on Congress to send out more direct cash payments to American families to help them weather the coronavirus pandemic and subsequent economic downturn.

“We urge policymakers to use all the tools at their disposal to revitalize the economy, including direct cash payments, which are one of the quickest, most equitable and most effective ways to get families and the economy back on track,” the economists wrote in an open letter published Monday.

Signatories included Jason Furman, a top economist for former President Barack Obama, Alan Blinder, a former Federal Reserve board vice-chairman, and Claudia Sahm, a former Fed economist. The initiative was spearheaded by the Economic Security Project, which advocates for guaranteed income.

Source: foxbusiness.com


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