United States stimulus delayed as Republican talks fall into disarray - FT


McConnell told WKTY that he will begin talking to Democrats as early as next week, following a delay earlier this week when many Congress members, including some GOP members expected a draft of the bill to be unveiled.

The stakes are high.

The second stimulus package is said to include unemployment benefits, The Associated Press reported.

As Republicans struggled, the nation's infections topped 4 million, the number of deaths rose this week by several thousands, to almost 145,000, and the $600 unemployment benefit boost for millions of out-of-work Americans was put on track to expire.

The Republican variation of a new pandemic economic stimulus offer need to arrive upcoming 7 days, reviews reveal, as Senate GOP leaders and the White Home assert to have arrived at agreement on what they will suggest on Monday.

Senate Majority Leader Mitch McConnell (R-Ky.) speaks to reporters following the Senate Republicans weekly policy lunch on Capitol Hill in Washington on June 9, 2020.

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.

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In a joint statement, the Senate minority leader, Chuck Schumer, and the House speaker, Nancy Pelosi, said: "We call upon Leader McConnell to get serious". "It's a fraudulent tactic.when it comes to meeting the needs of America's working families". GOP lawmakers are expected to unveil their plan for another round of coronavirus stimulus next week.

Among other issues, Republicans are debating reducing the special unemployment payments, which they say provide a disincentive to seek work.

A number of different solutions were being discussed, the official said Thursday, including dropping the add-on payment to $100.

Many regular Americans counter that the funds are vital, not just to meet rent but to buy food and other necessary items. Democrat-run California, an early hotspot, is also seeing a resurgence. Nor did he mention new funding for state, local, territorial and tribal governments, many of which are facing massive revenue shortfalls as a result of shutdown orders. 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.

Negotiations over the next COVID-19 rescue bill were in flux Friday after the White House floated cutting an unemployment benefits boost to as little as $100 and President Donald Trump turned to a new priority, adding money to build a new Federal Bureau of Investigation headquarters.

The Republican proposal, which will be an opening bid for negotiations with the Democrats, will include additional help for small businesses, $105 billion for schools and legal protections for business that are reopening, McConnell said.