The Trump administration's chief negotiators - White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin - spent a few hours at the Capitol later Sunday to put what Mr. Meadows described as "final touches" on a US$1-trillion relief bill Senate Majority Leader Mitch McConnell is expected to bring forward Monday afternoon.
House Democrats passed a $3 trillion relief bill in May, giving lawmakers a short time to bridge the partisan gulf between the different aid packages before the House starts its scheduled recess on August 3 (the Senate is expected to follow one week later). Aid runs out Friday for a $600/weekly jobless benefit that Democrats call a lifeline for out-of-work Americans.
The Republican proposal also includes measures not directly related to the COVID-19 outbreak, including $1.8 billion for construction of a new Federal Bureau of Investigation headquarters in Washington, something championed by President Donald Trump, who owns a hotel across the street from the current building.
"Hopefully in the next two to three weeks we'll be able to come together and pass something that we can send over to the House and down to the president for signature", McConnell said. With the virus death toll climbing and 4.2 million infections nationwide, the administration officials converged on the Capitol to revive the Republican package that unraveled last week.
The bill is likely to be introduced in several parts, or sister bills, that include funding for the reopening of schools, COVID-19 testing expansion, and more.
The Republicans come to the negotiating table hobbled by infighting and delays.
The package was pulled together after days of negotiations between Senate Republicans and President Donald Trump's emissaries that didn't completely settle differences within the Republican Party over the size and scope of additional federal spending in response to the pandemic. That provision is a central pillar of the $3 trillion HEROES Act. In the intervening months, the crisis deepened.
Under the GOP proposal, the $400-per-week reduction in UI payments would be implemented as states transition to the wage replacement program.
The legislation would also allot $70 billion for K-12 schools and around $30 billion to colleges.
On liability protections, she said Democrats will not support a scenario in which workers can be told they are essential but the employer has no responsibility to make the workplace safe for them. Then, people making $75,000 or less received the full amount and those making more than $75,000 received less, depending on their income.
The White House tucked one provision into the bill that even Senate Republicans were trying to distance themselves from on Monday evening: $1.75 billion for a new Federal Bureau of Investigation headquarters building in downtown Washington. Trump's hotel is across the street from it on Pennsylvania Avenue.
Senate Republicans presented their $1 trillion (Dh3.67tn) plan to bolster the pandemic-ravaged U.S. economy in a series of bills that would trim extra unemployment benefits, send $1,200 payments to most Americans and shield businesses, schools and other organisations from lawsuits stemming from coronavirus infections. He called it a starting point in talks.
The details of the plan, according to the Kentucky Republican's remarks on the Senate floor, include $1,200 direct payments similar to the CARES Act, a sequel to the Payment Protection Program (PPP) to help small businesses, more funding for schools, and a liability shield for hospitals, businesses, and other entities.
"The focus of this legislation is wrong", Sen. The bill from Democrats would have included a $1,200 stimulus check for each person, along with $1,200 for each dependent - an increase from the $500 for dependents allotted in the first CARES Act. She also said she opposes tackling a relief package in piecemeal fashion.
Economic incentives to boost worker retention.
"The bill [has] a $1.75 billion new Federal Bureau of Investigation building in it", said host Erin Burnett. "What the heck is going on?" "Meanwhile, Trump and Senate Republicans want to cut unemployment benefits from $600 to $200 a week". First, as you said, Judy, right now, there are $600 per week in added benefits because of the pandemic.
The unemployment deadline will be compounded by the end of a moratorium on evictions for many renters, which expired in the past week.
At the same time, budget watchers are wary of the rising debt load as Washington piles on unprecedented sums in trying to contain the pandemic and economic fallout.
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