Stimulus Optimism, Weak NFP Report Should Be Supportive
Dec 05 2020
The measure is more than what Senate Republicans had originally offered but less than what House Democrats had wanted, but it is created to try and provide immediate relief to some parts of the economy as the pandemic enters a unsafe and increasingly deadly phase.
McConnell has said he hopes to include some targeted relief in an upcoming spending bill that must be approved by December 11. Lindsey Graham, a key ally of President Trump's, said he spoke to the president about the bipartisan plan during a visit to the White House on Thursday. The president wants to deal.
Pelosi and McConnell held their first phone conversation since the election on Thursday and both expressed a desire to strike a deal on a year-end omnibus package and COVID-19 relief measure by the end of the month.
Senate Majority Leader Mitch McConnell (R., Ky.) didn't comment on the Democratic leaders' statement, but he said earlier in the day that they were showing "a new willingness to engage in good faith".
"I think we are getting very close". And passing a short-term funding bill to punt on both the stimulus and a long-term government funding bill remained a distinct possibility as of Thursday afternoon. A plan endorsed by moderates would provide $160 billion.
On the Senate floor Wednesday, Mr. Schumer said Mr. McConnell "should not waste the Senate's time on another inadequate, partisan proposal, and instead should sit down with Democrats to begin a true, bipartisan effort to quickly meet the needs of the country".
"I want to know with state and local spending, exactly how that's going to be allocated", Ernst said. But Democrats had previously blocked a $500 billion GOP plan similar to McConnell's latest blueprint, calling it grossly inadequate, and they panned the revised version. "It's a little high for me but more important for me are the things that are in it".
"We ought to do it", said the lawmaker, adding of the liability language: "Under the circumstances, I would leave it out because it hasn't turned out to be an issue".
Although there has been a sudden burst of bipartisan momentum for the package since Tuesday, it remains an incomplete legislative proposal that has not been drafted as a formal piece of legislation yet.
Coronavirus cases are surging across the USA and concerns have intensified about the potential economic fall-out. But numerous provisions expired at the end of July.
Sen. John Cornyn (R-Texas) and Senate Democratic Whip Dick Durbin (Ill.) are handling the liability negotiation for their leaderships but they aren't close to a deal. Joe Manchin, D-W.Va., unveiled the compromise measure on Tuesday aimed to restart negotiations.
Even more significantly, the Republican senators did not object to including billions of dollars for state and local governments, though they said they wanted to ensure that the funds were specifically targeted for coronavirus-related expenses.
The proposal does not include funding for another round of $1,200 stimulus checks. Kevin Cramer, R-N.D., said the bipartisan plan is "the right balance of compromise and it's a number that's doable".
"As we inherit this economic crisis, Vice President-elect Harris and I are working on the plan we will put forward for the next Congress to move fast and control the pandemic, revive the economy, and build back better than before", Biden said. House Majority Leader Steny Hoyer (D., Md.) said Wednesday that congressional leaders hoped to finish up by the end of next week to give lawmakers time to quarantine before Christmas. This distribution effort will be led by the states further increasing the need for funding for state and local governments. Mitt Romney, a Republican from Utah, after he left the McConnell meeting. Not all lawmakers are moving in support of the measure, though. "So it's now back to square one again", Mr Biden said.
A lot of Republican senators are skeptical of including any money on state and local governments. Sen. "I think the president is in the mindset we need relief sooner rather than later, and that the package that's being talked about as well in the ballpark of what he would support if he had the right policy provisions".
In a floor speech on Thursday, Schumer reiterated that he believes an agreement centered around it could be in reach.
"The four of us had an opportunity to go and just kind of walk him through, where we were, or where we are, our discussions to date", Murkowski told reporters.