White House advisor Kudlow says US should wait before passing new coronavirus aid bill

White House economic advisor Larry Kudlow on Sunday said that while the administration is not currently engaged in "formal negotiations" over a new coronavirus-related legislative package, he and a colleague are speaking with bipartisan groups of legislators regarding future steps.

"It's not that we're not talking, we are," Kudlow said on ABC's This Week. "It's just informal at this stage." 

House Speaker Nancy Pelosi called for her colleagues to approve a new round of legislation amid the pandemic, but Kudlow suggested that there should be time available to gauge the affect that existing measures have had on the nation's economy.

Speaker Pelosi wants a large package that would include financial assistance to both governments and individuals.

"It must provide strong support for our heroes with robust state, local, territorial and tribal governments on the frontlines of this crisis who desperately need funds to pay the health care workers, police, fire, transportation, EMS, teachers and other vital workers who keep us safe and are in danger of losing their jobs," the California Democrat said in a statement on Friday. "It must ensure further support for Americans who are losing their jobs and their health coverage."