Parents staying home with kids during coronavirus could damper 'V-shaped' economic recovery: Kudlow
The nation's schools are implementing a patchwork of policies
Parents who will need to stay home with children because of closed schools could put a damper on a V-shaped economic recovery, White House economic adviser Larry Kudlow said on Wednesday.
"Kids should get back to school. Our watchwords here regarding any of these congressional negotiations are schools and kids," Kudlow told "Varney & Co." "We don’t have to spend a fortune, we just have to provide the necessary assistance. ... There could be in certain areas some restraint on the recovery, on this V-shaped recovery, because parents may have to stay home."
WARREN SAYS BIDEN'S CHILD CARE PLAN CENTRAL TO HEALTH OF U.S. ECONOMY
"Let's see how it plays out before we put quantities on that," Kudlow concluded.
Kudlow has been bullish about U.S. economic recovery amid the coronavirus pandemic and has repeatedly said that he expects at least 20% growth in the third quarter of 2020.
"We're going to grow at 20% in the second half [of 2020]," Kudlow said on Wednesday. "The third quarter’s numbers are probably going to be better than 20%. There's a V-shaped recovery."
The nation's schools are implementing a patchwork of policies about in-person classes because of coronavirus. New York City Mayor Bill de Blasio announced Tuesday that America's largest school system will delay in-class school instruction by 11 days to allow teachers and principals extra time to prepare to meet students amid the coronavirus pandemic.
Teacher Marisa Wiezel (L), who is related to the photographer, and principal Alice Hom discuss plans for the 2020/2021 school year in Wiezel's classroom at Yung Wing School P.S. 124 on August 25, 2020 in New York City. (Photo by Michael Loccisano/Get
In a deal struck with New York City’s powerful unions representing teachers, staff, and administrators, in-person instruction that was supposed to begin on Sept. 10 will be delayed until Sept. 16.
Massachusetts Sen. Elizabeth Warren touted Democratic presidential nominee Joe Biden's child care proposal during the Democratic National Convention. Warren said providing high-quality, affordable child care is central to ensuring U.S. economic growth.
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"We build infrastructure like roads, bridges, and communications systems so that people can work," Warren said. “That infrastructure helps us all because it keeps our economy going. It's time to recognize that child care is part of the basic infrastructure of this nation — it's infrastructure for families."
Biden’s plan aims to make child care more affordable and accessible for working families by providing universal preschool to 3- and 4-year-olds, while expanding tax credits and investment. He also wants to make sure childhood educators are compensated fairly, have pathways to higher-paying jobs and have opportunities to join unions.
FOX Business' Brittany De Lea, Fox News' Danielle Wallace and the Associated Press contributed to this report.