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White House: US Economy in 'Recovery Stage'

Ken Bredemeier

   WASHINGTON - White House economic adviser Larry Kudlow said Sunday the
   U.S. economy, the world's largest, is "now in a recovery stage" from
   the debilitating effects of the coronavirus pandemic that closed
   thousands of businesses, even as forecasters say unemployment figures
   will remain high for months.

   Kudlow told CNN, "I think we are on our way back. 2021 is going to be a
   solid, solid year."

   He indicated the $600-a-week unemployment compensation supplement the
   federal government has been paying more than 40 million unemployed
   workers in addition to state jobless benefits is likely to end as
   scheduled at the end of July.

   "We're paying people not to work," he said. "It's better than their
   salaries" in some instances. He said a such a boost for unemployed
   workers might have made sense in the early stages of the
   coronavirus-caused business shutdowns, but not as the economy recovers.

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