top of page
  • Writer's pictureD. Brit

Second Covid-19 Stimulus Bill Negotiations Continue

What Happened:

  • House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin met Tuesday to continue negotiations for a second Covid-19 Stimulus Bill.

  • Pelosi's office says the negotiations Tuesday were productive and that Pelosi and Mnuchin will be meeting again Wednesday to further negotiate the bill.

  • President Trump is hoping to pass the new bill prior to November's election in the hopes that it will help boost his favorability with voters, but, with only two weeks to go, it is less and less likely that it will be finalized in time.

  • In addition, there is some dissent amongst Senate Republicans who are not in favor of passing another large stimulus bill. The bill is estimated to be at around $2 Trillion, much higher than the price tag most Republicans were willing to support, but close to the $2.2 Trillion that House Democrats wanted.

  • Senate Majority Leader Mitch McConnell is pressing the White House to not move forward with another large stimulus bill concerned about how it would affect the Republican Party.

  • In a private lunch on Tuesday, McConnell told fellow Republicans that he warned the White House that a lopsided $2 trillion relief deal before the election would divide the Republican Party.

  • Despite his misgivings, McConnell promised the White House that the bill would be put to a vote on the floor of the Senate, should it pass the House.

Developing Story

Photo Source: Kevin McCarthy

#newspura #justfactsnoopinions #covid19 #stimulusbill #relief #coronavirus #stevemnuchin #nancypelosi #senate #house #election2020 #mitchmcconnell

7 views0 comments
bottom of page