U.S. House Speaker Nancy Pelosi has set up another deadline for Republicans and the White House regarding an additional stimulus plan for America. Yesterday, while being interviewed on This Week on ABC, Pelosi said, “The 48 [hours] only relates to if we want to get it done before the election, which we do. But we’re saying to them we have to freeze the design on some of these things. Are we going with it or not? And what is the language.” So, Pelosi is giving the White House until tomorrow to have something concrete in order for relief to happen before the general election on November 3, 2020, which President Trump has said he wants.
Meanwhile, in the U.S. Senate, this week they will vote on a ‘stand-alone’ finance package to small business with another round of PPP loans (Paycheck Protection Program) and $500 billion to the public. The $500 billion bill would include an additional $300 per week to those qualifying for unemployment and those who qualified for the $600 per week federal payments, which ended earlier this summer. Neither vote is likely to go far as Democrats have demanded a $2.2 trillion relief bill while President Trump has advocated for $1.8 trillion. Senate Republicans have not been in favor of either finding them far too expensive.
U.S. Senate Majority Leader, Mitch McConnell said, “It is heartless for Democrats to continue their total blockade of any aid whatsoever unless Speaker Pelosi gets her way on countless, non-COVID-related demands.”