U.S. may need to put more money in small business program: Kudlow

FILE PHOTO: White House National Economic Council Director Larry Kudlow speaks during a “small business relief update” video conference call event with banking executives to discuss the U.S. government’s rescue program for businesses hurt by the coronavirus pandemic, in the Roosevelt Room at the White House in Washington, U.S., April 7, 2020. REUTERS/Kevin Lamarque/File Photo

WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Sunday he would not rule out any element in the next potential coronavirus relief bill, including more money for state and local governments.

“We are in discussions,” Kudlow said on CNN’s “State of the Union.” He said authorities would need to see in a couple of weeks “what needs to be done and perhaps how to do it.”

Kudlow also said “it may be” that the federal government needs to put even more money into a popular program to help small businesses survive coronavirus-related shutdowns.

Reporting by Doina Chiacu; Editing by Tom Brown

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source: reuters.com