WASHINGTON (NEXSTAR)-The Senate will vote this week on a $500 billion “austerity” economic recovery bill that does not seem to include an additional $1,200 in direct payments to Americans.
Majority leader Mitch McConnell (Mitch McConnell) announced plans to vote on Wednesday. He said the bill would include money for schools, expanded unemployment benefits and additional funds for the “Salary Protection Program.”
McConnell said in a statement on Saturday: “No one thinks this $500B+ proposal will solve all problems forever.” “As Washington continues to debate the remaining issues, it will immediately provide workers and families with a lot of additional help. .”
The “skinny” bill is in stark contrast to a larger package that will include a direct payment of $1,200 promoted by President Donald Trump, which not only shows the disagreement between Democrats and Republicans, but also shows the Republican Party Disagreements within the leaders.
When the Senate votes on the measure this week, it will be largely symbolic. The Democrats on the record stated that they were not interested in smaller-calibre virus mitigation methods.
Last month, Democrats blocked an aid bill drafted by the Republicans that did not include another round of direct payments to Americans, and more recently about Treasury Secretary Steven Mnuchin and House Speaker Nancy Nancy Nancy Pelosi’s negotiations have not yet been reached. great improvement.
Mnuchin told CNBC last time that the coronavirus relief bill announced before the election would be problematic, if not impossible.
Mnuchin said: “At this point, it is difficult to complete the work before the election and execute it before that.”
Mnuchin said that progress has been made on some issues, but on others, they are “still far apart.”
Mnuchin told CNBC: “We don’t want to wait for a perfect explosion.” “I don’t agree with the speaker’s approach. We must do all or nothing. We are continuing to discuss a comprehensive bill, but we are now I want to put money into the economy.”
According to the “Washington Post” report, Pelosi and Mnuchin continued their talks on Saturday, and the two sides spent between 1.8 trillion and 2.2 trillion U.S. dollars. Trump said he would provide more support and pointed out at a town hall meeting with NBC on Thursday that the Republicans “will agree.”
“They will go,” he told the host Savannah Guthrie. “I didn’t ask them to do this because I couldn’t pass Nancy Pelosi.”
At present, Republican senators seem reluctant to “participate.”
McConnell and his colleagues in the Senate showed little interest in a proposal larger than their upcoming proposal of approximately $500 billion. Many political insiders speculate that Republican lawmakers are worried about cutting polarized Pelosi spending, which took place a few weeks before control of the Senate was returned to voters.
Similarly, experts question whether Pelosi will reach an agreement with the Republican Party less than three weeks before the austerity presidential election. Although the stimulus check is widely promoted by Democrats, it can also be regarded as a victory for the president. When the first round of checks was distributed, Trump’s signature was affixed to each payment. If Trump can get a second round of relief when people go to the polls for early voting, it must be something to brag about before the election.
Pelosi said in a letter to her: “Flies on the wall or elsewhere in the Oval Office told me that the president only wants the president’s name to disappear before election day and that the market rises.” colleague.
She defended her tough position, claiming that the Democratic Party is more powerful than ever. But the risk of returning empty-handed until next year seems very real.
The latest round of talks on COVID mitigation measures started in July, failed in August, and resumed last month. Two weeks ago, we saw Trump lead to the breakdown of negotiations, only to restore them to the weekend. After Trump’s latest $1.8 trillion proposal was slammed by Democrats and Trump’s Republican allies, they were once again in trouble last weekend.
Republicans will re-provide small-scale targeted assistance, which will give members of the endangered party a record of support. Even if this is not the first Democratic party, it will be opposed by Trump.
“What I heard from Senator McConnell once again made me satisfied. What I heard from the President was the opposite.” Senator D-Ill Dick Durbin said. “Can the two of them sit down and agree? Isn’t that a breakthrough?”
Some Democrats are convinced that Joe Biden is ready to take back the White House and have been urging Pelosi to reach a less ambitious agreement that will now provide assistance instead of leaving the economy without help. The situation continues to struggle until next year. Pelosi’s response was to collect statements from many committee chairmen, criticizing the government’s latest proposal.
“If Congress does not act, the next president will inherit the real chaos,” said Jason Furman, an economist and former chief adviser to former Harvard President Barack Obama. “If the Senate can pass Mnuchin’s proposal-which is a huge “hypothesis”, it will be much better than waiting for more proposals in January.”
The Associated Press contributed to this report.