Mitch McConnell announces vote on relief bill

Mitch McConnell announces vote on relief bill

The leader of the majority of the US Senate, Mitch McConnell Calks, passes by the Ohio Clock Corridor on Capitol Hill in Washington, USA, on August 10, 2020.

Ting Sen | Xinhua News Agency Getty Images

Senate to vote on Koran stimulus bill this week, Majority Leader Mitch McConnell he said on Tuesday.

In a statement, the Republican of Kentucky said the department aims to take on what it called a “targeted proposal, focusing on some of the most pressing health, education and finance issues.” He did not specify what the legislation would include.

CNBC have previously reported that the GOP is considering a $ 500 billion proposal to tackle rising unemployment insurance, new small business loans, school funding and money for testing, treatment and vaccines Covid-19. It is not clear how similar the package will be to the plan developed at the end of last month.

The bill is unlikely to garner the 60 votes needed to pass the Senate or receive support in the House of Commons. Last week, a minority leader in the Senate Chuck Sumer, DN.Y., described the legislation as “completely inadequate.”

Democrats and the Trump administration have failed to break the deadlock over coronavirus relief as talks between the sides collapsed late last month. Democratic leaders have pushed the White House to provide at least $ 2.2 trillion in federal funding to boost the U.S. economy and health care system during the pandemic. Republicans have so far not agreed to reach $ 1.3 trillion.

Congress failed to pass a fifth aid package for the Koranavirus even after additional $ 600 a week unemployment benefits, a federal moratorium on evictions and a window to apply for the Paycheck protection program. The end of these life lines has left millions of unemployed with the Koran virus struggling to cover the costs, even when the overall labor market is recovering.

Last month, Republicans considered reinstating extra $ 300- $ 400 a week unemployment insurance as part of their proposal, CNBC reported. Schumer criticized the legislation in particular because the reports said it did not include relief for state and local governments or money for rent and mortgages.

Democrats have pushed more than $ 900 billion in new aid to states and municipalities, some of which will have to cut their services if they do not receive further aid. The White House, which accuses Democrat-run cities and states of wanting funds to cover economic mismanagement before the pandemic, has offered new $ 150 billion in funding.

The bilateral Union of National Commanders has called for at least $ 500 billion in relief.

Senate Republicans released their first passage in a fifth coronavirus relief package in late July. The bill, worth about $ 1 trillion, offset more than $ 3 trillion in Democratic legislation passed in May. It has started stimulus negotiations, which have since made little progress.

While most GOP senators now recognize the need for another relief bill, some have argued that they are not spending any federal money to fight the pandemic.

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