House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin continue negotiations for a comprehensive economic stimulus deal
Senate Democrats have blocked the passage of a $ 500 billion Republican economic aid bill over the coronavirus pandemic, as House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin are still negotiating a comprehensive deal. This was announced on Wednesday by CNBC..
While the parties claim they have made progress in the negotiations, an agreement that can pass both houses of Congress before the presidential election day, November 3, still seems unlikely..
The bill, put to the Senate vote by the GOP, includes additional funding for a payroll security program, an additional $ 300 per week federal unemployment benefit per person, and assistance to private businesses. Republicans did not include in their bill a provision for repaying US taxpayers $ 1,200 per person.
The GOP tried Wednesday to pass a bill similar to the one Democrats opposed last month. The bill required 60 votes to pass, but the Republicans failed to get them. 44 Democrats voted against the bill, 51 Republicans voted for the bill.
The political stalemate in which lawmakers and the White House find themselves prolongs the difficult situation in which millions of Americans find themselves looking for additional federal assistance during the economic downturn associated with the coronavirus pandemic.
Republicans in Congress argue that Democrats have included many provisions in their bill that are not related to the aftermath of the crisis. Senate Majority Leader Mitch McConnell said Democrats are acting on an all-or-nothing basis in an effort to pass a nearly $ 2 trillion economic bailout bill.
Democrats, meanwhile, have accused the Republican Party of not wanting to acknowledge the scale of the economic and health crises that have gripped the country. Senate Minority Leader Chuck Schumer calls the Republican plan “one-sided” and “meager”.
The failure of the Republican bill comes as Nancy Pelosi and Stephen Mnuchin continue their efforts to reach agreement on an economic aid package that will suit both Democrats and Republicans. After a telephone conversation on Tuesday, the parties said they had made progress in negotiations. Both Pelosi and White House Chief of Staff Mark Meadows said the deal could be closed before the end of this week..
Democrats move toward $1.9 trillion coronavirus relief bill without Republicans
On Wednesday afternoon, Pelosi and Mnuchin reaffirmed that the parties are close to reaching an agreement. Speaker and finance minister to hold talks again on Thursday.
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