J
Jacob Siegal
Guest
- Nancy Pelosi and Mitch McConnell met for the first time in over a month to discuss a new stimulus package and spending bills to avoid a government shutdown.
- Lawmakers on both sides of the aisle worked together to make a framework for a $908 billion relief bill, but it's still unclear if McConnell will support anything that expensive.
- The bill includes $300 a week in unemployment benefits, $160 billion for state and local governments, and $288 billion for the PPP, but no new stimulus checks.
On Friday, the November jobs report revealed that the US economy added 245,000 jobs in November. Any other year, that might have been an encouraging number, but it represents a significant slowdown in 2020, and is just over half of the number of new jobs that Wall Street had estimated would be added last month. With all of this in mind, it's easy to see why Congress is increasingly desperate to pass another relief bill before the end of the year.
House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell met for the first time since the election on Thursday to discuss another stimulus package as well as spending bills that would need to pass by December 11th to avoid a government shutdown. According to The New York Times, McConnell told reporters after his meeting that he and Pelosi are "both interested in getting an outcome” on these two issues in the coming days.
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Stimulus package update: Pelosi says a deal will be reached by December 11th originally appeared on BGR.com on Fri, 4 Dec 2020 at 10:53:22 EDT. Please see our terms for use of feeds.
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