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U.S. Congress in position to spend big on coronavirus relief: Fed official


The U.S. Congress is in position to spend big on coronavirus relief efforts because the nation's budget gap can be financed without relying on foreign borrowing, given how much Americans are saving, a top Federal Reserve official said on Sunday.

  • Reuters
  • Last Updated: August 2, 2020, 9:44 PM IST

WASHINGTON The U.S. Congress is in position to spend big on coronavirus relief efforts because the nation’s budget gap can be financed without relying on foreign borrowing, given how much Americans are saving, a top Federal Reserve official said on Sunday.

“Those of us who are ...


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