Senate Leader McConnell Calls For Urgent Economic Aid Measures
The US Congress should launch a new wave of measures to stimulate the economy hit by the coronavirus. A $ 1.4 trillion spending bill has been initiated to avert public sector job losses in the midst of a pandemic, Senate Chief Republican Mitch McConnell said Tuesday..
After months of rivalry between Republicans and Democrats, which continued as the number of infections and deaths from COVID-19 increased, lawmakers put forward a number of proposals in an attempt to do something this month..
Senate Majority Leader Mitch McConnell: Jobs report shows we don’t need as much stimulus
AND Mitch McConnell, and president-elect Joe Biden Separately, they talked about the swift adoption of a bill to help the economy in connection with the coronavirus pandemic and the discussion of an additional bill early next year to address the most serious crisis in the US health system in history.
So far, tough negotiations on details have taken place, and time is running out as Congress rushes to pass a $ 1.4 trillion bill by December 11 to secure funding for government agencies. Without these actions, a number of government programs will be stopped and many federal employees will be fired..
McConnell said he would like to combine funding bill with relief measures in connection with the coronavirus pandemic.
«We need a targeted aid bill», – McConnell told reporters after meeting with fellow Republican senators. For months, he promoted a $ 500 billion plan that Democrats dismissed as insufficient..
McConnell also said he consulted with the White House and circulated to Republican senators a draft bill that the outgoing president would pass. Donald Trump. McConnell did not provide details..
McConnell’s scheme is very close to a bill that the Senate leader had been touting for months and rejected by Democrats, according to one Republican Senate source. The plan includes $ 332.7 billion in new loans or grants for small businesses, according to a document provided to Reuters..
Meanwhile, the leader of the Senate Democrats Chuck Schumer and Speaker of the House of Representatives Nancy Pelosi presented McConnell with new ideas to reach a compromise. Sumer declined to provide details during a press conference.
Sumer called it «a private offer to help us propel the ball forward», he accused McConnell of maneuvering to vote on the Party-Republican bill instead of including democratic ideas.
Schumer and Pelosi previously promoted a $ 2.2 trillion project that McConnell rejected.
Earlier Tuesday, another plan was unveiled by a bipartisan group of Senators and House of Representatives who requested $ 908 billion as part of a series of measures to combat COVID-19..
It will install new emergency assistance for small businesses, unemployed people, airlines and other industries affected by the pandemic..
It is being proposed with the backing of a group of conservatives and moderates who claim it will appeal to a wider circle of Congress..
More than $ 3 trillion in coronavirus relief measures earlier this year, including economic stimulus and medical supplies.
Republican Senator Lisa Murkowski called for swift action on a bipartisan plan as she noted that plant closures in her state of Alaska have accelerated «in a rather dark and cold season», when many suffer from job losses and food insecurity.
This third proposal provides for emergency assistance through March 31, including $ 228 billion in additional payroll protection funds for hotels, restaurants and other small businesses..
State and local governments will receive direct assistance under a bipartisan bill, a core requirement of Pelosi and her fellow Democrats to prevent layoffs.
US airlines will receive $ 17 billion in four months of $ 45 billion payroll support for the US transportation sector, which also includes airports, buses and Amtrak passenger railways, according to two Reuters sources familiar with the plan..
These measures include provisions pushed by Republicans, including new liability protections for businesses and schools fighting the coronavirus pandemic..
But that’s a lot more expensive than the $ 500 billion McConnell stands for..
The compromise $ 300 a week for four months in addition to unemployment benefits will also be in the package, lawmakers said. Democrats sought a $ 600 raise.
Pelosi and the finance minister are expected to Stephen Mnuchin will discuss aid to the economy in connection with the coronavirus and a public funding bill to be passed.