Biden ally Larry Summers, a former treasury secretary, said $2,000 stimulus checks would be a ...

Former Treasury secretary Larry Summers Robin Marchant / Getty Images Former US treasury secretary Larry Summers told Bloomberg on Friday that $2,000 stimulus checks for Americans would be a "pretty serious mistake." Summers, who was reportedly an adviser to President-elect Joe Biden's campaign, said boosting consumer spending was the wrong route to economic recovery. The checks could overheat the US economy, he told Bloomberg. US President Donald Trump has so far refused to sign a pandemic relief bill containing $600 checks for...