Larry Kudlow, director of the National Economic Council, said it would be "almost impossible" to execute a "grand, large" relief package before November 3.
"I don't think it's dead at all," Larry Kudlow, the president's chief economic adviser, said Sunday on CNN's "State of the Union."
White House economic adviser Larry Kudlow says he agrees that another large pandemic stimulus relief bill should be pumped into the economy, but Democrats' nearly $3 trillion proposals are bloated and still include unnecessary unemployment benefits.
"The USA is in a much better position, thankfully. We've regained control of the virus, both the cases and the fatalities," Larry Kudlow told reporters on Monday.
"That's not our game," White House Economic Adviser Larry Kudlow said, "and the president can't accept that kind of deal."
Larry Kudlow said he had not seen an "apocalypse now scenario" coronavirus model that has been reportedly circulating among the White House Council on Economic Advisers.
Republicans have recently indicated they are now willing to negotiate the amount of the payments to secure a deal.
"The check is there, the re-employment bonus is there," White House economic adviser Larry Kudlow said.
"I do think the odds favor a big increase in job creation and a big reduction in unemployment," White House economic adviser Larry Kudlow said.
The last payments with expanded unemployment benefits will be sent out Saturday and Sunday.
The president is "going to work very hard to achieve more stimulus to get the economy back to where it was," the secretary of commerce said.
If the Trump administration wants an economic relief package costing $1 trillion, stimulus checks could eat into a large portion of that budget.
White House economic adviser Larry Kudlow said a second stimulus package will not come until after July and will focus on small businesses and investors.
"It's better than their salaries," Larry Kudlow said.
Larry Kudlow told reporters he believes George Floyd's death resulted from corrupt individuals and does not point to a systemic law enforcement problem.
The White House's chief economic adviser said the payment would be replaced by "some combination" of other provisions for workers.
"I don't want to sugarcoat any of this because it's so difficult. I don't think the numbers are going to turn up in the next few weeks," Larry Kudlow cautioned.
Larry Kudlow, President Donald Trump's top economic adviser, said Friday that the White House is making contingency plans in case there is a second wave of the new coronavirus—but that those plans don't include another shutdown.
"The economic and jobs numbers are going to continue to deteriorate," Kudlow said on Friday.
The White House will soon announce the creation of a second coronavirus task force to focus on re-opening the economy after weeks of social distancing measures.
Prior to the pandemic, the U.S. was already expecting a budget deficit of about $1 trillion for the current fiscal year.
"Larry, those words came out of Boris Johnson's mouth," CNN anchor Brianna Kielar pushed back. "How do you argue with that?"
"It looks like we are not going to do business," Trump said, adding to confusion surrounding the future of the Chinese tech giant, which was added to a U.S. trade blacklist in May.
On Sunday, Trump administration officials Larry Kudlow and Peter Navarro touted economic strengths and dismissed analysts' warnings that the U.S. could be facing another recession soon.
"I'm gonna say $15 to $20 minimum wage because of private sector prosperity," Larry Kudlow told Fox News.
"I want to note in the hearings yesterday with Fed Chairman Jay Powell, it was Ms. AOC asked him about the Phillips Curve," Larry Kudlow told Fox News.
"The perception that China cannot bear it is a fantasy and misjudgment," an op-ed in The Global Times argued.
"In fact, both sides will pay in these things," National Economic Council Director Larry Kudlow argued.
Economic analysts, including the White House's own adviser, appeared baffled by President Donald Trump's China tariff claim Sunday that China — and not U.S. companies — are paying billions in tariff costs.
The White House fired a speech writer earlier this week for speaking at a conference alongside Brimelow.