New York Governor Andrew Cuomo said the $2 Trillion stimulus bill aimed at easing the economic impact of the coronavirus that was passed by the Senate late Wednesday evening is “reckless” that “failed to address the governmental need.”
“The Congressional action, in my opinion, simply failed to address the governmental need,” Cuomo said Thursday morning at a state Capitol news conference. “I find it irresponsible. I find it reckless.”
Under the Senate stimulus bill, known as the CARES Act, New York state government will receive $5 billion, but it is earmarked only for coronavirus expenses. Cuomo pointed out that the anticipated loss of revenue for the state is estimated to be somewhere between $10 and $15 billion.