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Bernanke to Congress: Give States More Aid Now

Otherwise layoffs will increase and the economy will slow further, he says.

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Former Fed Chairman Ben Bernanke. Former Fed Chairman Ben Bernanke.

Former Federal Reserve Board Chairman Ben Bernanke is calling on Congress to provide a new aid package that provides “significantly” more money to state and local governments than the $150 billion allotted in the Coronavirus Aid, Relief, and Economic Security (CARES) Act—plus aid for the unemployed and the public healthcare system.

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