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Why State Aid Is Also Contagious Amid the Pandemic: QuickTake

Even before the coronavirus slammed the brakes on the world economy, governments were breaking free market principles all the time, handing out special treats to favored firms like cheap loans and tax breaks. These subsidies, known as state aid, have become the thorniest issue in global trade as countries accuse each other of not playing fair. As the Covid-19 pandemic ramps up pressure on governments around the world to bail out companies and keep economies afloat, new fights are erupting over the fragile set of regulations designed to curb unfair state support.

Pelosi on Next Relief Bill, GOP Tax Proposals, Stimulus Oversight

May 07 -- House Speaker Nancy Pelosi, a Democrat from California, discusses plans for the next stimulus bill, disagreements with President Donald Trump and Republicans on payroll and capital gains taxes, and the need for urgency in providing another round of aid to Americans. She speaks with Bloomberg’s David Westin on “Balance of Power.”

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