House Democrats Unveil New $2.2T Proposal For COVID-19 Aid Bill

House Democrats unveiled a scaled-back $2.2 trillion aid on COVID-19 relief, even though there was no progress in continuing negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin.

The latest proposal would revive a $600-per-week pandemic jobless benefit and send a second round of $1,200 direct payments to most individuals. It would scale back an aid package to state and local governments to a still-huge $436 billion, send a whopping $225 billion to colleges and universities, and deliver another round of subsidies to businesses under the Paycheck Protection Program.

Pelosi said Monday that she remains in contact with Mnuchin, with whom she negotiated several earlier relief packages. The two spoke briefly on Sunday and Monday evening and are slated to talk again Tuesday morning, according to Pelosi spokesperson Drew Hammill..

Pelosi’s office has said she’s considering putting the new measure up for a floor vote if talks this week with the Trump administration prove fruitless. “Democrats are making good on our promise to compromise with this updated bill, which is necessary to address the immediate health and economic crisis facing America’s working families right now,” Pelosi said in a letter to her colleagues. “We have been able to make critical additions and reduce the cost of the bill by shortening the time covered for now.”

Democrats unveil scaled-down $2.2T coronavirus relief package

Via www.msn.com
 

Editorial credit: Michael Candelori / Shutterstock.com

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