The price tag for the next COVID-19 aid package could quickly swell above $1 trillion as White House officials negotiate with Congress over money to reopen schools, prop up small businesses, boost virus testing and keep cash flowing to Americans while the virus crisis deepens in the U.S. Senate Majority
WASHINGTON — The price tag for the next COVID-19 aid package could quickly swell above $1 trillion as White House officials negotiate with Congress over money to reopen schools, prop up small businesses, boost virus testing and keep cash flowing to Americans while the virus crisis deepens in the U.S.
The lunch session grew heated as key Republican senators complained about big spending, vowing to stall the relief bill’s passage. Cruz warned if the economy is still shut down come November, Joe Biden will win the White House, Democrats will control the Senate and"we’ll be meeting in a much smaller lunch room,” according to a person granted anonymity to discuss the closed-door session.
Democratic leaders said the Republicans are in disarray, and Pelosi later blamed the pandemic's mounting toll on the president's inaction.The Republicans are poised to roll out a $1 trillion package, what McConnell called a “starting point” in talks. It's a counter-offer to Pelosi's $3 trillion House-passed plan as they race to strike a deal by the end of the month.
Over lunch, Mnuchin explained the unemployment boost could be phased down to a percentage of a worker's previous income, according to a Republican granted anonymity to discuss the private meeting. Some Republicans prefer simply eliminating the $600 benefit.Trump wants a full repeal of the 15.3% payroll tax, which is shared among employers and employees, and funds Social Security and Medicare. Experts say that alone would cost $600 billion.
Senate Democrats began investigating why the Trump administration has left almost half the testing money unspent.
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