On Fox Across America with Jimmy Failla, Monica Crowley, Assistant Secretary for Public Affairs, U.S. Department of the Treasury explained why there might not be another COVID-19 related stimulus package on the way for awhile.
"There are some serious conversations going on within the Administration and also on Capitol Hill about what CARES Four package might look like. There are a lot of things, being bandied about. I do know that those discussions have been pushed back a bit to the mid-to-late July, because I think there is a consensus, certainly within the Administration, that because we have pushed down trillions of dollars into this economy to bridge this gap, that people would like to see how these various programs are shaking out. We do have big success with the Paycheck Protection Program for small businesses. We've had success with the airline package, the Fed facilities that have been stood up are operating, with the one exception of the Main Street facility, which should go up in the next week or two. So there is this idea that we would like to see how these things are working, allow them to breathe a bit, in conjunction with observing how the reopening of the economy is going as well, seeing how the economy is being kickstarted, as we saw with that fantastic May jobs report, which we got at the end of last week. So there is this sense of let's take a breather, let's see how these things are working. And then if additional stimulus is needed, we will certainly revisit that and there are a number of proposals that are being considered."