Dec 25th, 2020

$2,000 Stimulus Checks Would be a Mistake: Summers

Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor and adviser to Pres.-elect Biden's campaign, says that increasing direct stimulus payments to $2,000 would risk temporarily overheating the economy, because it would not contribute to consumer spending in the sectors that need it. He joins David Westin on "Bloomberg Wall Street Week." (Source: Bloomberg)