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McConnell: Signs of economic recovery point to smaller COVID-19 stimulus

WASHINGTON, Nov 6 (Reuters) - U.S. Senate Majority Leader Mitch McConnell said on Friday that economic statistics including a 1 percentage point drop in the U.S. unemployment rate showed that Congress should enact a smaller coronavirus stimulus package that is highly targeted at the effects of the pandemic.

McConnell told a Kentucky news conference that the fall to a 6.9% jobless rate, combined with recent evidence of overall economic growth, showed that the U.S. economy is experiencing a dramatic recovery.

“I think it reinforces the argument that I’ve been making for the last few months, that something smaller – rather than throwing another $3 trillion at this issue – is more appropriate,” McConnell told reporters. (Reporting by David Morgan)

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