Stimulus Package Unlikely to Clear Congress Before Election: Goldman Sachs

Stimulus Package Unlikely to Clear Congress Before Election: Goldman Sachs
Police officers wearing masks guard the U.S. Capitol Building in Washington on May 14, 2020. Erin Scott/File Photo/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
Analysts at investment bank Goldman Sachs said in a note to clients that, while it’s possible a CCP virus relief package will be adopted by Congress before Election Day, the prospect of that happening is unlikely as key issues remain unresolved.

While Republicans and Democrats mostly agree that another stimulus measure is necessary to boost the economy following months of pandemic-induced lockdowns and stay-at-home orders, the two sides have disagreed over the size of the bill and specific measures, with sticking points that include aid to state and local governments, the amount federal unemployment benefits, and business liability protections.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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