CBO Lauds Trump Admin for Rapid Stimulus Delivery
June 10, 2020 | by James G. Dalton
The Congressional Budget Office (CBO) lauded the Trump administration Tuesday for organizing its agencies to deliver coronavirus aid “incredibly quickly,” which helped the country withstand the most devastating economic effects of the coronavirus pandemic.
CBO director Phillip L. Swagel said Capitol Hill moved fast to approve its stimulus bill, while the Treasury Department and the Small Business Administration acted “quickly and effectively” to get stimulus payments to people and organizations in need.
The CBO is a non-partisan watchdog group widely considered to be the Congress’ scorekeeper.
Swagel worked in the administration during the 2008 financial meltdown when Congress green-lit several rounds of stimulus bills. That money was also distributed quickly, but this year’s payment went out even faster.
“The IRS and those other agencies deserve a lot of credit,” Swagel said in a virtual forum hosted by the Peter G. Peterson Foundation.