Rep. Tim Ryan (D-Ohio 13th District) said on Friday that the $1 trillion stimulus package currently being negotiated by lawmakers won't be nearly enough to make Americans whole again.
"Quite frankly I think the package that we're seeing coming out of Washington, DC is not even close to meeting the big need that we have," Ryan told Cheddar. "I think we need to be talking more like $2 trillion than $1 trillion, and at least a trillion for the workers."
The former Democratic primary candidate also advocated for bolstering unemployment insurance to ensure that people are making the same amount they did before their jobs.
"These are really essential things to keep the workforce safe, so when we go to kickstart things back up again, they're ready to slide back into the jobs that they lost," he said. "We need to be thinking much, much bigger and in much more innovative ways."
One important thing to keep in mind about this economic crisis, Ryan added, is that federal investment, in this case, won't grow the economy but merely keep it solvent, which may be difficult to swallow for those seeking a return on their investment for any kind of stimulus.
"This isn't like the Great Depression where you put money in people's pockets and then they go out and buy stuff," he said. "Now you're giving people money and basically saying pay your rent, pay your mortgage, pay your auto loan, and then buy food because you can't go anywhere."
The representative also believes the current package is skewed toward companies rather than workers and doesn't want to bail out companies without specific conditions banning stock buybacks or corporate bonuses.
"This is revealing the kind of corruption and rotting of the supply-side economic theory," he said. "The same people that just got the huge tax cuts are coming to the taxpayer to ask us to bail them out. So they get all the profits, and then they socialize the losses."
Federal health advisers voted overwhelmingly against an experimental treatment for Lou Gehrig’s disease at a Wednesday meeting prompted by years of patient efforts seeking access to the unproven therapy.
Lawmakers probing the cause of last month’s deadly Maui wildfire did not get many answers during Thursday's congressional hearing on the role the electrical grid played in the disaster.
President Joe Biden announced Wednesday that federal disaster assistance is available for Louisiana, which is working to slow a mass inflow of salt water creeping up the Mississippi River and threatening drinking water supplies in the southern part of the state.
A new law in California will raise the minimum wage for fast food workers to $20 per hour next year, an acknowledgment from the state's Democratic leaders that most of the often overlooked workforce are the primary earners for their low-income households.
From Sunday, workers at the main United States base in Antarctica will no longer be able to walk into a bar and order a beer, after the U.S. federal agency that oversees the research program decided to stop serving alcohol.
House Republicans launched a formal impeachment hearing Thursday against President Joe Biden, promising to “provide accountability” as they probe the family finances and business dealings of his son Hunter and make their case to the public, colleagues and a skeptical Senate.
The FBI and other government agencies should be required to get court approval before reviewing the communications of U.S. citizens collected through a secretive foreign surveillance program, a sharply divided privacy oversight board recommended on Thursday.
The federal government is just days away from a shutdown that will disrupt many services, squeeze workers and roil politics as Republicans in the House, fueled by hard-right demands, force a confrontation over federal spending.
The Biden administration is finalizing a new rule that would cut federal funding for colleges that leave graduates with low pay and high debt after graduating.
