J
Jacob Siegal
Guest
- The latest stimulus update is rather intriguing, as House Speaker Nancy Pelosi's deputy chief of staff said this week that President Trump himself will speak to Senate Majority Leader Mitch McConnell if the House Democrats and the White House can strike a deal on a new package.
- McConnell has repeatedly indicated that Senate Republicans are unwilling to pass any bill that would cost more than $1 trillion, while the current HEROES Act would cost $1.8 trillion.
- Sen. McConnell has also said the Senate will vote on a targeted $500 billion relief bill next week.
Reports surrounding a new stimulus package to buoy the US economy have become increasingly confusing in recent days. House Democrats came to the table with a $3 trillion bill in May, but Senate Republicans balked at the price and refused to bring it to the floor for a vote. Months later, Democrats returned with this updated $2.2 billion HEROES Act, but it was still too high a price for the Senate. Meanwhile, the White House has tried to negotiate with the Democrats, eventually landing on a $1.8 trillion bill which House Speaker Nancy Pelosi promptly dismissed. But throughout the negotiations, it has been unclear if the Senate would pass any bill that came its way regardless.
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Trump and the Republican party might go to war over a new stimulus bill originally appeared on BGR.com on Fri, 16 Oct 2020 at 11:28:05 EDT. Please see our terms for use of feeds.
Via BRG - Boy Genius Report