The impending battle to name late Justice Ruth Bader Ginsburg's successor may complicate other matters, including the coronavirus aid package talks, but the most important fiscal matter is for Congress to reach a clean continuing resolution to keep the government open past Sept. 30, White House economic adviser Larry Kudlow said Monday.
"We have to really respect Justice Ginsburg and may she rest in peace," Kudlow said on Fox News' "America's Newsroom." "I think the most immediate issue fiscally is to get a clean, continuing resolution."
He added that he thinks the Ginsburg replacement nomination "will take care of itself. The president will nominate when he is ready to nominate and the Senate will act accordingly. It's a legislative process. I don't want to get in the middle of any of that."
Meanwhile, the market experienced a sell-off on Monday following news coming out of London, where there was another spike in coronavirus cases that may result in closing down the economy again, noted Kudlow.
"The good news here for us is we're in much better shape on the virus, and our hot spot spikes this summer have calmed down quite a bit in terms of cases and fatalities," said Kudlow. "I would say our economy is in very good shape, at least relatively speaking, in terms of a V-shaped recovery."
The continuing resolution is a different matter than the coronavirus aid bill, which remains at an impasse, said Kudlow.
Kudlow has made the case before that the recovery won't depend on another stimulus package. He said Monday there are some parts of it that are worth negotiating, but "if it can't be done, it can't be done. I think the economy is definitely improving."
Job numbers are good, he said, and sales are booming in retail, housing, and automobiles as the inventory cycle is building.
"These are very positive things," said Kudlow. "I think that's going to be reflected in the stock market before long."
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