Pelosi refutes Cuomo’s claim, says bailout far exceeds request – Cuomo asks for more federal funding Pelosi responds that New York State has received nearly $70 billion in bailout money, enough to cover the deficit

Congressional House Leader Nancy Pelosi speaks during a press conference in New York City, July 7, 2015.

Although New York Governor Cuomo has repeatedly said that the latest round of $50 billion in federal bailout funds provided is not enough, media outlets revealed on the 12th that House Speaker Nancy Pelosi (D-Calif.) denied Cuomo’s claims, noting that a series of federal bailout packages have been allocated $70 billion, far more than Cuomo requested, and that New York State’s deficit problem has been solved.

The Times Union obtained Pelosi’s 11-day letter to New York congressional Democrats, which reads, “Please note that the enthusiastic assistance of Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Kirsten Gillibrand (D-N.Y.) has addressed the concerns you raised. “

Cuomo released his budget plan for fiscal year 2022 on Jan. 19, which mentioned that the state has a $15 billion financial shortfall due to the Epidemic and that whether the new fiscal year budget will increase taxes or cut government services depends on the amount of money the new federal government gives to the state. Cuomo also threatened that day that if the federal government does not provide enough $15 billion in bailout money to help balance the state budget, “we will file a lawsuit.

Earlier this month, Cuomo sent a letter to the full New York congressional delegation asking for their assistance in providing at least $15 billion in direct bailout funds for the state capital, followed by a letter from House Democrats to Pelosi on the 9th, asking for more federal funding. Pelosi responded to the House Democrats’ request on the 11th.

Pelosi stated bluntly in her letter on the 11th that New York State has actually received close to $70 billion in bailout money, “Overall, New York State will receive more than $50 billion in state and local grants and more than $20 billion in additional assistance funds to support the health, financial security and well-being of the public.”

The Biden administration has proposed a $1.9 trillion American Rescue Plan, of which approximately $350 billion would be available to state capitals as aid, which is still under consideration by Congress.