Why Coronavirus Stimulus Talks Have Stalled

Why Coronavirus Stimulus Talks Have Stalled

DealBook Business and PolicyRepresentative Jim Clyburn, the House majority whip, warned of a "K-shaped“ economic recovery.Credit...Pool photo by Nicholas KammSept. 2, 2020Good morning. (Was this email forwarded to you? Sign up here.)'No one thinks the right outcome is zero'Treasury Secretary Steven Mnuchin says "there is more work to be done“ to help the U.S. economy recover from its pandemic-induced recession. But he and Democrats disagree on the scale of the problem, and the scope of the solution, making it hard to predict when “” or if “” lawmakers will strike a deal on another economic stimulus package.Mr. Mnuchin and House Democrats painted different pictures of the economy at a congressional hearing yesterday:“¢ The Treasury secretary emphasized that the economy was "doing great“ relative to the worst-case pandemic situations. He said