We’re Gonna Need a Bigger Stimulus
Cities and states are facing “a fiscal cliff of their own.”
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Episode Notes
With 26 million Americans filing for unemployment in the last five weeks, it’s obvious that the economy is still broken. However, Congress hasn’t been sitting on its heels—trillions of dollars of aid have been approved, with billions more signed into law this week. The problem? It just hasn’t been enough. Now, the nonpartisan Congressional Budget Office forecasts unemployment could reach 16 percent later this year. So what else can Congress do to resuscitate the economy?
Guest: Jordan Weissmann, Slate’s senior business and economics correspondent.
Podcast production by Mary Wilson, Jayson De Leon, Danielle Hewitt, and Mara Silvers.
