U.S. Chamber of Commerce CEO Thomas Donohue called on Congress to pass additional coronavirus stimulus before President-elect Joe Biden is inaugurated.
by Kevin Stankiewicz
Congress has to pass another round of coronavirus stimulus before President-elect Joe Biden is inaugurated in January, offering aid to a U.S. economy that is still grappling with the fallout of the health crisis, U.S. Chamber of Commerce CEO Thomas Donohue told CNBC on Monday.
“The stimulus bill is essential, and the sooner it’s done, the better for the beneficiaries of the stimulus and therefore better for the markets and the economy,” Donohue said on “Closing Bell.”
Senate Majority Leader Mitch McConnell, R-Ky., said last week that passing another pandemic relief bill is “job one” for Congress following the election. “Hopefully, the partisan passions that prevented us from doing another rescue package will subside with the election. And I think we need to do it, and I think we need to do it before the end of the year,” McConnell said.