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News Coverage Oct 20, 2020

NPR Morning Edition: Millions of Unemployed Americans Monitor Relief Bill Negotiations

“A couple of colleagues of mine at Brookings, Wendy Edelberg and Louise Sheiner, estimate that if we got $2 trillion more fiscal policy–that’s the magnitude that Pelosi and Mnuchin are discussing–we could get the economy back on the pre-pandemic growth path by late next year or early 2022, but without it, it could take us years, perhaps even a decade, to get back to the path we were on.”

News Coverage Oct 19, 2020

The New York Times: How Failures of the Obama-Era Stimulus Could Guide a Biden Administration

“‘We have much better tools for tamping down growth that is too fast than we have the tools to boost an economy that’s too weak,’ said Wendy Edelberg, director of the Hamilton Project at the Brookings Institution and a former chief economist at the Congressional Budget Office…Ms. Edelberg published a paper with Louise Sheiner this month estimating that $2 trillion in fiscal stimulus would bring the economy back to its pre-pandemic growth path by the third quarter of 2021. In the absence of any action, they estimate, it could take as long as a decade.”

News Coverage Oct 14, 2020

CNBC: North Island’s Glenn Hutchins on stimulus battle and U.S. response to the pandemic

“The economy is very weak, especially for the vulnerable populations, disproportionately communities of color. The consequence of that is we really, really need significant stimulus. My view is to the order of $2 trillion dollars, and some of the economic studies have come out [such as one on] the Brookings website by Louise Sheiner and Wendy Edelberg that demonstrates that unemployment insurance is the most powerful tool we have now. So I would have a very large bill with a very substantial piece focused on unemployment insurance, and get that going very, very quickly.”