US Politics In 60 Seconds

Ben White, Chief Economic Correspondent for Politico, provides his perspective on the news in US politics:

What is holding up the coronavirus relief package in Congress and how would it help Americans?

The biggest holdup is Democrats are not comfortable with the $500 billion fund to bail out certain industries like the airlines. They think there are not enough strings attached, not enough limits on executive pay or stock buybacks. They also want more unemployment insurance, extensions, and other efforts to aid individuals. But overall, it would send checks to a lot of Americans, earning under $100,000 or $75,000. It would do a lot to help bail out small businesses. So, a lot of good stuff in there and I think they'll make a deal.