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Politics : Formerly About Advanced Micro Devices
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To: locogringo who wrote (1270057)10/16/2020 10:17:11 PM
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A chief economist says Mitch McConnell expects Trump to lose the election — and breaks down why that means there will be no stimulus money until Februa


Senate Majority Leader Mitch McConnell. REUTERS
Mitch McConnell won't risk his Senate leadership by forcing fellow Republicans to back a big stimulus bill, as he expects President Donald Trump to lose in November, Ian Shepherdson, Pantheon Macroeconomics' chief economist, said on Thursday."McConnell expects Trump to lose, and therefore, for him to spend political capital to support Trump by forcing through a bill which would put his own leadership position at risk after the election, to me, doesn't make any sense," Shepherdson said in a webinar.The Senate majority leader won't persuade his own party to vote for a big relief spending bill, because "splitting the party is death to the leader," Shepherdson said.The economist said he expected a multitrillion-dollar bill by the end of January, after the inauguration, meaning there wouldn't be any stimulus money flowing into the economy until February.
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