Road to stimulus: Speed bumps ahead
Democratic lawmakers want to pass a far-reaching bill to save the economy by Inauguration Day on Jan. 20.
That’s the goal.
But the reality may be a little different. Enactment of an economic stimulus bill could be pushed into late January or early February, said Dan Clifton, a Washington-based analyst with the investment research firm Strategas Research Partners.
The reason: The measure will be big and complex - exceeding $700 billion by some estimates. And getting buy-in from lawmakers angered about the mounting toll of government rescues might take more time than expected.
Leading Republicans, who agree something needs to be done to help the economy, are nevertheless calling a “Whoa there.” They say they want time to review any Democratic proposal, which leading lawmakers are still hammering out in the House and Senate.
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