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Andy Meek
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- A Democratic congresswoman from California, Rep. Katie Porter, has offered up at least one specific reason why Congress hasn't been successful yet in passing a new stimulus bill.
- Porter blames Senate Republican Majority Leader Mitch McConnell, who's insisted on protections for corporations against things like coronavirus-related lawsuits in any stimulus package.
- This puts him at odds with Democrats and even some Republicans, who prioritize new stimulus checks for individuals.
Berkshire Hathaway chairman Warren Buffett said Congress needs to get its act together quickly and offer new financial aid to small businesses, in the form of a new stimulus bill, as so many of them continue to struggle and barely hang on as new shutdown measures loom.
Speaking with CNBC, the famed investor likened what those small businesses are facing to "an economic war," and that Congress has an obligation to act. “I think the country owes it to the millions of small-business people … just renew the (Paycheck Protection Program) and get us to the end of the tunnel,” Buffett said. “When we went into World War II, a lot of industries were shut down; everything went to the defense production. Well, we’ve shut down a lot of people in this particular induced recession and others are prospering.” Which certainly begs the question, why has Congress gone this long since the passage of the $2.2 trillion CARES Act back in March? Why is it taking so long to pass a new stimulus bill, if one even comes at all?
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Here’s why Mitch McConnell won’t let Democrats pass the new stimulus bill they want originally appeared on BGR.com on Tue, 15 Dec 2020 at 14:17:58 EDT. Please see our terms for use of feeds.
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