Home Business Senate to vote this week on ‘skinny’ pandemic reduction invoice, PPP funds

Senate to vote this week on ‘skinny’ pandemic reduction invoice, PPP funds


© Reuters. FILE PHOTO: US Sentate Candidates debate in Kentucky

By Katanga Johnson and David Shepardson

WASHINGTON (Reuters) – The U.S. Senate will vote on Wednesday on a $300 billion Senate Republican coronavirus reduction invoice that’s far under the estimated $2 trillion that Democrats have demanded.

The invoice, dubbed a “skinny” reduction invoice for its pared-down funding, was already rejected https://www.reuters.com/article/health-coronavirus-usa-congress/u-s-senate-to-vote-on-republican-coronavirus-aid-bill-opposed-by-democrats-idUSL1N2G61U6 by Democrats in September and is once more anticipated to fail.

Senate Majority Chief Mitch McConnell stated in a press release Saturday that the vote would comply with a standalone vote on further Paycheck Safety Program (PPP) funds on Tuesday.

Home Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke for an hour and quarter-hour Saturday night and their workers “will proceed discussions, they usually have agreed to talk once more on Monday,” Treasury spokeswoman Monica Crowley stated on Twitter.

Pelosi spokesman Drew Hammill stated that there was progress on coronavirus testing however “there stays work to do to make sure there’s a complete testing plan.”

He added there are quite a few different variations “that should be addressed in a complete method within the subsequent 48 hours.”

Hammill additionally stated “selections should be made by the White Home to be able to exhibit that the Administration is severe about reaching a bipartisan settlement that gives for People with the best wants throughout the pandemic.”

The White Home declined to remark.

On Oct. 10, Mnuchin proposed a $1.8 trillion financial stimulus proposal in talks with Pelosi however many Senate Republicans have balked at a bundle that huge.

Time is winding down earlier than the Nov. 3 presidential election to achieve settlement on a brand new coronavirus reduction bundle.

“These are simply a number of the pressing wants that Washington ought to meet instantly whereas debates proceed over the remaining,” McConnell stated.

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

Reduction plans have stay slowed down over the suitable quantity of funding and associated points like coronavirus testing plans and a Republican push to guard corporations from legal responsibility if their staff get contaminated on the job.

Airways have pleaded with Congress for a brand new $25 billion bailout to maintain staff on the job after a previous six-month payroll help program expired on Sept. 30. At the very least 32,000 airways staff have been laid off this month after funding ended.

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