Coronavirus stimulation update: Senate relief bill fails


On September 8, 2020, the majority leader of the U.S. Senate, Mitch McConnell, met in Washington, D.C., U.S.C. No. will depart for the Senate Chamber on Capitol Hill.

Ting Shen | Xinhua News Agency | Getty Images

The Senate on Thursday failed to move forward with a plan for Republican coronavirus stimulation, the last blow to stalled efforts to pass a second package to reduce epidemic damage.

The move fell short of the required 60 votes on the move to the passage. All Democrats present, and one Republican in a Kentucky rand poll, opposed it by 52-47 votes.

Advanced federal unemployment insurance by law would have been reinstated at a rate of 300 dollars per week, half of the 600 weekly payments that ended in late July. It would authorize new small business loans and put money towards schools and Covid-19 for testing, treatment and vaccination.

This measure does not include another direct payment of $ 1,200 to individuals. It also lacks all the priorities for Democrats – new relief for cash-strapped state and local governments or money for rent and mortgage aid and food aid.

“It’s not inadequate. It’s absolutely inadequate,” Senate Minority Leader Chuck Schumer, D.N.Y., told the opening GOP on Thursday. Said about the plan.

Senate Majority Leader Mitch McConnell, R-Q, brought the move to the Senate floor this week as efforts by the Trump administration and Democratic leaders to strike a bilateral relief deal stalled. He’s just a Republican this year, and a particularly weak GOP for Republicans. The senators aimed to demonstrate, took action to fight the epidemic, but also called for putting pressure on Democrats before election day.

“They can tell American families they care more about politics than helping them,” McConnell said of Democratic senators opposing the bill.

Congress has failed to pass the Fifth Coronavirus Assistance Package, as the epidemic infects thousands of Americans every day and the economic pain experienced by millions of unemployed people. Unemployment benefits, the Federal Mortuary on Vacancies and the Paycheck Protection Program have all moved lifelines, including a window to apply for a small business loan.

While President Donald Trump has taken unilateral measures to provide temporary unemployment benefits to some Americans and limit dismissals for several months, only Congress can offer comprehensive relief because it controls federal spending.

Doubts have been raised about the legislators’ ability to allow further stimulus during the heated last week before the 2020 election. However, House Speaker Nancy Pelosi told reporters Thursday that she hopes Congress can pass another bill before election day.

Asked on Wednesday if another relief bill would come along, Treasury Secretary Steven Munuchi replied, “I don’t know.”

“We’ll see. I hope it’s there. It’s important for a lot of people out there,” said the Trump administration’s top negotiator in the aid negotiations.

This story is evolving. Please check back for updates.

Subscribe to CNBC on YouTube.

.