Democrats and Republicans are starting to negotiate over another huge spending bill, and the question for Republicans is why they would want to repeat the biggest mistake from the last one? That’s precisely what they would do if they follow Treasury Secretary Steve Mnuchin and extend the federal jobless-insurance bonus up to 100% of lost wages. Recall that Mr. Mnuchin and President Trump assented in the Cares Act to House Speaker Nancy Pelosi’s demand to pay a federal jobless benefit of $600 a week on top of the regular state...

Source: Wall Street Journal July 15, 2020 23:26 UTC