Don’t expect a new stimulus bill until August at the soonest

[Andy Meek]

• Republicans control the Senate, and top leaders in the party began the process this week of working out what should be included in a new stimulus bill, with input from the White House.
• The problem is that there are entrenched interests with diametrically opposite philosophies about what should be in the new coronavirus stimulus bill and what should be left out -- and that's just among Republicans themselves. They haven't even started the process of negotiating with Democrats yet.
• Bottom line: Don't expect a new stimulus bill until early August, at the soonest.

Well, this doesn't bode well.

A reporter asked Kentucky Republican and Senate Majority Leader Mitch McConnell whether he thinks the Senate will pass a new coronavirus stimulus bill by the end of next week. Before we tell you what his reaction was, know that the timing inherent in the question was not picked at random. Not only is a new stimulus bill expected to offer much-needed emergency benefits like the possibility of another wave of stimulus checks, desperately needed by millions of Americans thrown out of work amid the coronavirus pandemic -- but the end of next week, July 31, also represents a key deadline. That's when an extra $600/week in unemployment benefits that was funded by the stimulus bill Congress passed back in March is statutorily set to expire. So, having said all that, what was McConnell's reaction to the question about wrapping up a coronavirus stimulus package by the end of next week?

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Don’t expect a new stimulus bill until August at the soonest originally appeared on BGR.com on Wed, 22 Jul 2020 at 01:43:07 EDT. Please see our terms for use of feeds.

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