October 18, 2020
We don’t have agreement in the language yet, but I’m hopeful.
- The current bill stands around $1.8 trillion dollars – a reduction of the House plan that passed with more than $2 trillion.
- What’s the hold-up? In an interview, House Speaker Nancy Pelosi used an example on COVID-19 contact tracing to show Democrats want a stronger national plan, with more specifics – versus deferring to the states.
- Some Republicans feels too much “bail out” money is being provided to states with financial issues pre-dating COVID-19.
- The House Speaker continues to negotiate with members of the administration; the Senate says it will vote on a separate bill this week around $500B – focusing mainly on extra unemployment benefits, schools, and paycheck protection program (loans to businesses).
- Although the focus remains on Democrats and Republicans – some Republican lawmakers in the Senate do not like the idea of passing another massive stimulus plan.
- Why This Matters: Passed stimulus bills gave Americans additional funds for unemployment benefits. Many are running out of benefits altogether.
Watch the interview: WATCH HERE
by Jenna Lee,