4.5 • 705 Ratings
🗓️ 7 December 2020
⏱️ 15 minutes
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0:00.0 | Hi, I'm Dan Premack and welcome to Axios Recap, presented by Google. |
0:07.0 | Today is Monday, December 7th. |
0:09.0 | COVID hospitalizations are up, the odds of TikTok getting banned are down, and we're focused |
0:15.0 | on the stalled economic stimulus. |
0:20.0 | We're now nine months since the CARES Act became law, that big bipartisan moment when |
0:25.6 | Congress and the White House worked together to make sure that an economic recession didn't |
0:30.4 | become an economic depression. |
0:32.9 | Since then, though, crickets. |
0:34.9 | Yeah, House Democrats passed the Heroes Act in May, but they did so knowing it was |
0:39.4 | dead on arrival in the Mitch McConnell controlled Senate. And yes, Senate Republicans later introduced |
0:44.5 | some piecemeal bills, but they knew those would be rejected by Nancy Pelosi. And Pelosi |
0:49.8 | and Treasury Secretary Steve Mnuchin spent lots of time negotiating in the summer and in the fall, |
0:54.9 | but accomplishing nothing tangible. All the while, it was obvious to almost everyone |
0:59.7 | outside the White House and halls of Congress that economic and job growth were slowing down |
1:04.8 | at the very time that lots of CARES Act provisions, like expanded unemployment insurance, |
1:09.4 | were set to expire. So here we are, |
1:12.7 | near the end of our bridge to nowhere. Leaders of both political parties acknowledge something |
1:17.8 | must get done, maybe a $900 billion compromise plan put forth last week by the so-called |
1:23.3 | problem solvers caucus in the House and a bipartisan group of senators. But it still remains |
1:28.5 | unclear if all of those words will translate into action. If 15 seconds will go deeper into the |
1:34.8 | stimulus state of play and how we got here, with Representative Josh Gotheimer, a New |
1:39.4 | Jersey Democrat and co-chair of the Problem Solvers Caucus. But first, this. We're joined now by Congressman |
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