Senate to vote on $500 billion GOP coronavirus stimulus bill Wednesday

Senate Majority Leader Mitch McConnell (R-KY) walks to his workplace on Capitol Hill in Washington, September 10, 2020.

Joshua Roberts | Reuters

The Senate will vote on a $500 billion coronavirus stimulus bill on Wednesday, Senate Majority Leader Mitch McConnell stated Saturday, as a bigger bipartisan deal stays elusive regardless of continued talks between high Democrats and the Trump administration.

McConnell blamed his opponents throughout the political aisle for the present stalemate, arguing that the Senate has sufficient time to cross the GOP stimulus package deal and ensure Supreme Court nominee Amy Coney Barret if “Democrats do not obstruct this legislation.”

“Nobody thinks this $500B+ proposal would resolve every problem forever,” McConnell stated in a press release on Saturday. “It would deliver huge amounts of additional help to workers and families right now while Washington keeps arguing over the rest.”

Democrats have accused McConnell of pushing forward with Barrett’s affirmation as a substitute of focusing on passing stimulus laws. Democrats blocked a $500 billion Republican plan within the Senate final month and can probably dismiss the newest GOP proposal as inadequate.

The probabilities of Congress passing new assist earlier than the Nov. three presidential election have dimmed because the Senate GOP plan is extra restricted than what the Trump administration or Democrats have proposed.

The GOP bill will embrace funding for colleges, expanded unemployment advantages and a second spherical of the Paycheck Protection Program, McConnell stated. The Senate will vote on the bill a day after a standalone vote on extra PPP funds on Tuesday.

Earlier this month, Treasury Secretary Steven Mnuchin supplied House Speaker Nancy Pelosi a $1.eight trillion stimulus deal, about $400 billion lower than the bill proposed by House Democrats earlier this month.

Pelosi, whose occasion handed a $2.2 trillion aid bill within the House, dismissed the White House proposal and stated it “amounted to one step forward, two steps back.” Senate Republicans, on the opposite hand, oppose the White House package deal as too giant.

Pelosi and Mnuchin continued their negotiations this week, although they had been unable to attain an settlement. Both sides characterised the talks as productive however stated main variations stay.

Congress hasn’t pushed via new aid laws in months because the coronavirus worsens throughout the U.S. and thousands and thousands of Americans stay unemployed.

— CNBC’s Jacob Pramuk contributed reporting

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