Fourth stimulus bill may not be needed if states bounce back: White House

A fourth bill to provide stimulus to the U.S. economy may not be needed if states are able to successfully reopen their economies "relatively quickly," as some forecasters and equity markets expect, a White House economic adviser said on Thursday. "I think probably very soon, very shortly, we'll have a better idea about whether we need to extend the current existing things or move on to new ideas," presidential adviser Kevin Hassett told Fox News Channel. More than 30 million Americans have joined the unemployment benefit rolls over the past six weeks, and Hassett said the unemployment rate this month likely jumped to around 19% from 4.4% in March.

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