• D. Brit

Mnuchin "May" Offer a Proposal Above $2.2 Trill for Covid-19 Relief


What Happened:

  • On Sunday, White House Economic Adviser Larry Kudlow said that the chance to pass a second Covid-19 Relief Package is still viable and that Treasury Secretary Steve Mnuchin "may" actually offer a proposal higher than the $2.2 Trillion proposed by House Speaker Nancy Pelosi.

  • This is surprising news as Republicans have, historically, not been willing to go that high in the second relief package. The last offer of $1.8 Trillion, which was approved by Trump and Mnuchin put forth last Friday, was panned by many Senate Republicans.

  • Kudlow says he spoke with Mnuchin last night and that Mnuchin was aiming for targeted relief measures, additional federal unemployment assistance and another round of PPP loans as well as stimulus checks to individuals.

  • Despite many Senate Republicans opposing the $1.8 Trillion package offered last week, let alone a higher priced package, Kudlow blamed the Democrats saying, "They have bipartisan support...I do not understand the intransigence from my Democratic friends."


Developing Story

Photo Source: Gage Skidmore via commons.wikimedia.org


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