Mnuchin: GOP's Virus Relief Bill Being Unveiled Monday

Mnuchin: GOP's Virus Relief Bill Being Unveiled Monday

Mnuchin: GOP's Virus Relief Bill Being Unveiled Monday

"We had expected to be working throughout this weekend", the Democratic leaders said.

Administration officials say the overall package remains at $1T, on par with Senate Majority Leader Mitch McConnell's original draft.

Facing re-election this year, McConnell also went home.

One possibility under discussion would have the effect of reducing benefits for a typical jobless worker by $400 per week, which Schumer said would cause significant harm.

House Speaker Nancy Pelosi said earlier this month that many families earning more than $40,000 still need assistance, so it's unlikely Democrats agree to that threshold.

The Trump administration and Senate Republicans are aiming for a $1 trillion package, while Democrats are pushing for the $3 trillion Heroes bill, which passed the House in May.

The Democratic-held House passed that $3tn relief package in May but the Senate is held by Republicans and has not taken it up.

"The direct payments are a much quicker way of effectively giving everybody a tax cut, and is much quicker than the payroll tax cut", he said. White House economic adviser Larry Kudlow suggested Sunday on CNN that request would be granted. But he said Thursday Republicans intend to continue "some" supplemental support while "fixing the obvious craziness of paying people more to remain out of the workforce".

As the USA gears up for more coronavirus relief, the adviser said he expects the economy to continue making a rebound.

It also loosens restrictions on how local and state governments can spend previously allocated federal relief, but does not increase that relief-which Democrats will certainly counter. In many states, including California, workers have waited weeks to start receiving benefits.

Although President Trump struck a more somber note on the pandemic last week, making the rare acknowledgement that things would likely get worse before getting better, his top aides sought to put the best face on recovery prospects. But amid protests over police brutality and racism, and confrontations between protesters and federal agents in Portland, Oregon, Trump has also pivoted to law and order.

Both provisions were authorized in a $2.2 trillion coronavirus relief package approved in March.

Mnuchin and Meadows spent the weekend meeting with Senate leadership staff to work out the final details of the Republican proposal, which is expected to include another round of direct payments to Americans, $105 billion for reopening schools, $16 billion in new money for testing, more flexibility for state money, and liability protections for schools and universities. Senate Republicans rejected the move, which would pull revenue away from social security and Medicare in the middle of an economic and public health disaster.

"Let's not squawk about $600", Pelosi said Friday in urging Republicans to back a full extension.

"We're right on the brink, when people are hungry in our country - children, millions of children, are food-insecure", she said.

Democrats warned time was running out.

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