With Senate Republican MIA, Pelosi and Schumer urge McConnell to restart stimulus negotiations immediately


TOPLINE

House Speaker Nancy Pelosi (D-Calif.) And Senate Minority Leader Chuck Schumer (DN.Y.) urged Senate Majority Leader Mitch McConnell (R-Ky.) On Monday. ) To immediately restart discussions on coronavirus relief in Washington, as the United States faces an alarming rebound in Covid-19 cases.

KEY FACTS

“The Chamber has acted,” they said in a letter. “It is unacceptable for the Senate to take a recess without addressing this urgent matter.”

Pelosi and Schumer said state and local governments are struggling to cover essential services like schools without extra help, and Americans continue to face the burden of rent payments and evictions; Meanwhile, they said, “Republicans in the Senate have been missing in action.”

McConnell has indicated that the talks will not resume until after the four-week recess on July 4 in the Senate.

Senate Republicans have argued that much of the aid authorized by the CARES Act in March has not yet been distributed, and many are in favor of waiting to see how that spending is shaken before passing another bill.

In May, the Democrat-led House of Representatives passed the Heroes Act, a $ 3 billion bailout bill, but Republican leaders have said the legislation will be dead by the time it reaches the Senate.

Last week, President Trump said another “generous” bipartisan stimulus bill would be announced “in the next two weeks.”

What to look at

The additional $ 600 per week in federal unemployment benefits authorized by the CARES Act will run out on July 31. With more than 20 million Americans still unemployed, discussions about whether or not to extend that benefit will be central to Washington in the coming weeks. come.

Key background

Coronavirus cases are rising to record levels, prompting some states to pause or reverse their reopening plans and raise questions about the economic cost of a second wave of business closings. White House officials and Republican negotiators have decided they will not hold negotiations on the next round of stimulus legislation until after Congress returns from recess in late July. May’s better-than-expected job numbers may have affected the process, with some lawmakers, including President Trump, taking the surprising good news as a sign that the economy is already on the road to recovery. The $ 3 trillion Heroes Act, a massive piece of economic bailout legislation that included aid to state and local governments, front-line workers and even another round of stimulus controls, was passed by the House last month but was widely criticized by Republicans, who said it was an unrealistic and partisan offer. McConnell (R-Ky.) Said last month that the next round of stimulus legislation will be the “final” bill that Congress passes, and that it will be more limited in scope than the CARES Act.

Further reading

When asked about the possible second stimulus control, Trump says there will be a second bipartisan package. (Forbes)

Mnuchin pushes for more expenses to alleviate coronavirus, as PPP was hailed as a success (Forbes)

Here’s how May’s surprising job report could derail the upcoming stimulus bill (Forbes)

CARES protections, including $ 600 unemployment benefits, expire next month. This is what must happen to prevent further economic devastation. (Forbes)

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