26.2 C
Houston
Friday, October 23, 2020

With Trump Pushing for Deal, Senate To Vote This Week on Paycheck Protection, Targeted Stimulus Package

WASHINGTON—The U.S. Senate will vote on Tuesday on a second round of funding for the Paycheck Protection Program (PPP) to help small businesses keep employees on the payroll during the pandemic, and Wednesday on the Republican’s proposed $500 billion targeted coronavirus relief bill, Senate Majority Leader Mitch McConnell announced on Saturday.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke for an hour and 15 minutes Saturday evening and their staff “will continue discussions, and they have agreed to speak again on Monday,” Treasury spokeswoman Monica Crowley said on Twitter.

Pelosi spokesman Drew Hammill said that there was progress on coronavirus testing but “there remains work to do to ensure there is a comprehensive testing plan.”

Hammill added there are numerous other differences “that must be addressed in a comprehensive manner in the next 48 hours.”

He also said “decisions must be made by the White House in order to demonstrate that the administration is serious about reaching a bipartisan agreement that provides for Americans with the greatest needs during the pandemic.”

Pelosi on Oct. 10 rejected the Trump administration’s “skinny” $1.8 trillion relief offer—including around $300 billion in state and local fiscal relief that Democrats have been fighting for in their $2 trillion bill—arguing it did not provide enough funding for child care, coronavirus testing plans, and would remove employer liability if employees returning to work get infected with COVID-19 as the economy reopens—as requested by Republicans. Trump has said that his administration will be looking to hold China accountable for releasing the CCP virus on the world.

Mnuchin and White House chief of staff Mark Meadows the following day called on Congress to pass a bill that would enable the initial usage of billions of dollars in leftover PPP funds. The program was authorized under March’s CARES Act.

“Secretary Mnuchin and Chief of Staff Meadows are right: There is no excuse for Democrats to keep blocking job-saving funding for the Paycheck Protection Program while other conversations continue,” McConnell said at the time, in which he noted that the program had already saved tens of millions of American jobs.

“But it has become yet another casualty of Democrats’ all-or-nothing obstruction,” McConnell wrote.

In September, McConnell estimated the cost of the new PPP program at $257 billion.

Meanwhile, airlines have pleaded with Congress for a new $25 billion bailout to keep workers on the job after a prior six-month payroll assistance program expired on Sept. 30. At least 32,000 airlines workers have been laid off this month after funding ended.

Narrower Bills

Many Senate Republicans have said that they do not support a big funding package, preferring to focus on the passage of narrower funding bills as Democrats and Republicans continue to disagree on key issues.

Asked why Democrats won’t accept narrower bills that tackle issues in small groupings or one by one, Mnuchin said he doesn’t think there’s a good answer.

“I suspect that they don’t want to give the president a win three weeks before the election. But they are holding up relief to hardworking Americans,” he said in an appearance on Fox Business.

McConnell said on Saturday that passing the funding bills was an urgent need for the American people during the tough economic situation brought by the pandemic.

“These are just some of the urgent needs that Washington should meet immediately while debates continue over the rest,” McConnell said.

Epoch Times reporters Zachary Stieber, Tom Ozimek, and Reuters contributed to this article.

Theepochtimes

Latest news

Don’t Vote For A Psychopath: Tyranny At The Hands Of A Psychopathic Government

Authored by John Whitehead via Te Rutherford Institute,“Politicians are more likely than people in the general population to be sociopaths. I think you would...

NBC turned Trump into a president and protected Weinstein, Lauer, and Bill Clinton along the way

Tonight, just as in Savannah Guthrie's petulant display moderating a town hall with Donald...

Hunter Biden Partner Says He Discussed China Deal With Joe Biden

The former business partner of Hunter Biden said on Thursday that he met former Vice President Joe Biden in May 2017 and spent one...

VIDEO: Former Hunter Biden associate makes explosive allegations against Biden family

Tony Bobulinski, a former business associate of Hunter Biden, made explosive allegations against the Biden family at a press conference Thursday, claiming that Democratic...

Related news

Don’t Vote For A Psychopath: Tyranny At The Hands Of A Psychopathic Government

Authored by John Whitehead via Te Rutherford Institute,“Politicians are more likely than people in the general population to be sociopaths. I think you would...

Hunter Biden Partner Says He Discussed China Deal With Joe Biden

The former business partner of Hunter Biden said on Thursday that he met former Vice President Joe Biden in May 2017 and spent one...

VIDEO: Former Hunter Biden associate makes explosive allegations against Biden family

Tony Bobulinski, a former business associate of Hunter Biden, made explosive allegations against the Biden family at a press conference Thursday, claiming that Democratic...

LIVE NOW: BlazeTV’s Final Presidential Debate livestream

Is this thing on, or did Kristen Welker hit the mute button again? America is at a critical crossroads. The men vying to lead...

McConnell dismisses concerns about his health after questions fly over photo of bruised and discolored hands

Senate Leader Mitch McConnell said he is in fine health Thursday after critics...

Letting Trump Misinformation Spread ‘Like Wildfire’

News Tasos Katopodis / Getty ImagesPresident Donald Trump walks on the south lawn of the White House in Washington, D.C., on Tuesday. (Tasos Katopodis /...

Biden campaign lashes out after Trump invites Hunter Biden’s former business partner as guest to final debate

The Joe Biden presidential campaign lashed out in a fiery statement after the Trump campaign reportedly invited a former business associate of Hunter Biden...

China Blasts US As “Empire Of Hacking” After Damning NSA Report Spotlights Beijing

Earlier this week the National Security Agency released a cybersecurity advisory which focused on attempts of Chinese state-backed hackers to gain access to intellectual property such...

Trending News

VIDEO: In July, a Minnesota Democratic candidate tried to blow the whistle after witnessing ‘worse than Somalia’ voter fraud

A few thousand votes in swing-state Minnesota may decide November's presidential election.In recent years, multiple Somali-Americans living in Minneapolis-St. Paul have come forward to...

Secret Service Travel Logs Match Details in Alleged Hunter Biden Emails

Secret Service logs obtained earlier this year by Senate investigators include dates and locations matching those discussed in the emails allegedly belonging to Hunter...

Black Veteran Says His Vote for Trump Is ‘Solidified’ After Rioters Fire Gun at His Cafe

A black Portland business owner and military veteran says his plans to cast his vote in the upcoming presidential race for President Donald Trump...

Michigan Gov. Gretchen Whitmer Vetoes Bill Targeting Voter Fraud

Michigan Gov. Gretchen Whitmer (D) vetoed legislation that would have made it a felony to attempt to apply for multiple absentee ballots or fill...

China Ties to US Riots Exposed by Trevor Loudon

Most of the riots that racked the United States within the last few months were organized by two socialist organizations which have close ties...

The FBI Seized the Hunter Biden Computer in December 2019

After years of leadership from the likes of Robert Mueller, James Comey and Christopher Wray, the FBI’s name is severely tarnished.  Numerous major criminal...

Comey Had It in Writing That Hillary Was Behind Trump-Russia Smear

As every passing day brings the 2020 election closer, news keeps coming about the 2016 campaign. And it keeps getting worse for President Donald Trump’s...

17-Year-Old Student Cyberbullied By Teacher and May Be Expelled for Sharing Conservative Content on Instagram

A 17-year-old student at a Virginia boarding school is facing disciplinary action for opposing Black Lives Matter and posting mainstream conservative content on Instagram. Mackenzie...