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Obama’s former economic adviser reveals the biggest omission in Trump’s coronavirus relief plans

Despite an agreement reached Tuesday in Washington D.C. to restore funding to the Paycheck Protection Program (PPP), there is still a glaring omission in the federal government’s response that has one former economic adviser to President Obama particularly worried.

That same worry is shared by governors around the country who have begun advocating for their respective states, highlighting that budget shortfalls in the multibillion dollar range could lead to disastrous spending cuts at the worst possible time. It’s the same that President Obama’s former Council of Economic Advisers Chair Jason Furman saw play out firsthand during the recovery from the Great Recession. Now, it’s also a mistake he’s imploring the government to avoid repeating now.

“The biggest omission in the federal response so far is assistance to states and assistance to localities,” Furman, now an economics professor at Harvard, explained on Yahoo FInance’s YFi PM. “The basic economic logic of

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Ex-Obama adviser Dr. Emanuel explains what it will take for America to ‘return to full normalcy’

The U.S. reached a grim milestone on Monday, passing 10,000 coronavirus-related deaths, and according to a prominent physician, the nation won’t move beyond the crisis without a vaccine.

“We’re not going to get rid of this, or be past it, or return to full normalcy until that vaccine is available,” Dr. Ezekiel Emanuel, a former health policy adviser under President Barack Obama, told Yahoo Finance’s “The Ticker” on Monday.

The good news is that Emanuel believes drug makers will come up with a vaccine for COVID-19, the disease caused by the novel coronavirus. Pharmaceutical brands Inovio (INO), Moderna (MRNA) and Johnson & Johnson (JNJ) have all announced potential vaccines, with Inovio announcing on Monday that it was initiating the first phase of its clinical trial.

PHILADELPHIA, PA – JUNE 15: Dr. Ezekiel Emanuel speaks onstage at the Klick Health Ideas Exchange on June 15, 2015 in Philadelphia, Pennsylvania. (Photo

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