Cohn Says States Deserve Aid in Response to McConnell Reluctance
- Former Trump adviser likens state aid to support for business
- McConnell has suggested letting states file for bankruptcy
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Gary Cohn, the former top economic adviser to President Donald Trump, said the federal government needs to help cash-strapped states with emergency financing, not leave them to seek more desperate solutions such as bankruptcy.
”States are in a horrible position,” Cohn said in an interview Thursday with Bloomberg Television. “Like we’re providing liquidity to small businesses, medium-sized businesses and large businesses, I think we also need to provide liquidity for states.”