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United States President Donald Trump said Friday he was “not in a rush” to reach an agreement with Democrats on emergency relief for suffering Americans, even as the raging coronavirus pandemic causes job losses. .
With stores and factories closed across the country due to the coronavirus pandemic, nearly all of the jobs created in the US economy. USA In the last decade, they were eliminated in a single month.
An unprecedented 20.5 million jobs were destroyed in the world’s largest economy in April, the most ever recorded, the Labor Department said in a report released Friday, the first to capture the impact of a full month of locks.
Democrats led by Speaker of the House of Representatives Nancy Pelosi said they are crafting what could become another more than a trillion-dollar bailout package, which could include funds for state and local governments, check protections from rental and mortgage payment and assistance.
Pelosi noted that his “bold CARES 2 package” could soon get a vote if the House of Representatives returns to regular session next week.
The President seemed to let go of the urgency.
“We are in no hurry,” Trump said at a round table with Republican lawmakers when asked about speeding up negotiations given the staggering 14.7 percent unemployment figure released on Friday.
Trump said he wanted to see what Democrats were proposing in the bill, adding that the administration “got what we needed” in previous rescue packages.
Congress approved an unprecedented $ 2.2 billion bailout in March, prompting the distribution of checks to millions of families.
The package injected $ 349 billion into a loan program to save small businesses and directed $ 150 billion to state and local governments.
A subsequent $ 483 billion plan followed in late April.
Now top Republicans in Congress and the White House are advocating a pause in the new relief to see how the latest package helps.
“We are throwing money at him,” Trump said of past efforts.
“We can sit down and watch” the negotiations, Trump said. “We will do the right thing for the country.”
‘Great bold approach’
Senate Majority Leader Mitch McConnell joined Trump and other Republicans in seeking a pause in new rescue efforts, angering Senate Democrat Chuck Schumer.
“We need a big and bold approach now to support American workers and families,” Schumer said in a statement.
“No one could look at today’s employment report, the highest unemployment since the Great Depression, and say that we should press the pause button in further government action.”
Several Democrats have introduced measures to help affected Americans.
Senators Kamala Harris, Ed Markey and Bernie Sanders on Friday introduced a bill that would give most Americans a $ 2,000 monthly check for the duration of the crisis.
Sanders said tens of millions of Americans “live in economic despair” and that the one-time $ 1,200 checks that many recently received “are not enough to pay rent, put food on the table and make ends meet.”
Trump has advocated for a payroll tax cut, an idea that has hit resistance within his own party. And on Friday launched a capital gains tax cut.
Both proposals would be fiercely opposed by Democrats.
Several roundtable attendees told Trump that they were happy to see dozens of states loosening blockade restrictions to boost their frozen economies.
“Texas is reopening and I think it can actually be a model for this country when we come out of retirement,” said Congressman Dan Crenshaw.
This story has been published from a cable agency source without modification to the text. Only the owner has been changed.
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