- Senate Leader Mitch McConnell on Wednesday participated in the House Democrats’ $ 2.2 trillion stimulus plan, describing it as “outlandish”.
- “We are very different, far away on a deal,” McConnell told reporters on Capitol Hill.
- Senate Republicans insisted on previous Democratic spending proposals and did not put their $ 1 trillion plan for a vote in August.
- For more stories visit the Business Insider homepage.
Senate Leader Mitch McConnell on Wednesday participated in the House Democrats’ $ 2.2 trillion stimulus plan, describing it as “outlandish” and said the amount is “too high.”
“We are very different, far away on a deal,” McConnell told reporters on Capitol Hill.
The Kentucky senator attacked the Democratic proposal earlier in the day, saying it was not a serious attempt to bring Senate Republicans back to the negotiating table.
“Speaker’s latest bill is no more serious than any of his months-long political stunts,” McConnell said on the Senate floor, adding that if they continue to refuse to be serious, American families will be hurt. ”
Pressure has been made on MPs to press on an agreement to adjourn until next week before the election. Treasury Secretary Steven Menuchin and House Speaker Nancy Pelosi met for 90 minutes on Wednesday to discuss an agreement on the coronovirus relief package.
Read more: The Stimulus negotiations resume as dealers work towards another round of checks. Here is all you need to know about the rescue package.
Pelosi said in a statement after the meeting that while some areas “require further clarification,” negotiations will continue. Meanwhile, Mnuchin expressed optimism and told reporters there that, as reported by the Capitol Hill Pool, “there was a lot of progress in the last few days.”
“We still don’t have an agreement, but we have more work to do,” he said. “And we’re going to see where we are at last.”
Earlier in the day, Mnuchin characterized the counterfire as a $ 1.5 trillion relief plan put forward by a bipartisan group of lawmakers earlier this month.
Democrats initially set the stage for a vote on their spending package on Wednesday evening, but they pushed it back until Thursday in hopes of allowing more time for a last-minute agreement with the White House, CNN reported.
House Democrats revealed their plan on Monday, a diluted version of the $ 3.4 trillion spending package they approved in May but Republicans declined. The measures include restoring the $ 600 weekly federal unemployment benefit by January, sending taxpayers another round of $ 1,200 direct payments, and providing additional federal aid to states and small businesses.
Senate Republicans launched a $ 1 trillion stimulus plan in late July, but it failed to attract significant support among GOP senators, many of whom opposed government spending that would add to the federal debt. Another $ 650 billion GOP proposal was blocked earlier this month by Democrats, who dismissed it as insufficient.
The two sides differ on a range of issues, including federal unemployment benefits, state aid, liability protection for businesses, and overall spending levels.