House Democrats on Tuesday unveiled a massive $3 trillion coronavirus relief package – which includes another round of direct payments to Americans – designed to ease the pandemic’s effects on the health care system and the economy. House Speaker Nancy Pelosi defended the cost on Capitol Hill Tuesday
House Democrats on Tuesday unveiled a massive $3 trillion coronavirus relief package – which includes another round of direct payments to Americans – designed to ease the pandemic’s effects on the health care system and the economy.
The House is also expected to vote on a remote-voting resolution Friday which does not appear to have Republican backing. The package also extends unemployment benefits, ensuring weekly $600 federal unemployment payments will continue through January 2021. The current extension is set to expire in July.
The measure also bolsters the small business loan program with another $10 billion for emergency grants through the Economic Injury Disaster Loan program.“These are the pillars of our plan to go forward, to make our own environment in a way that is, again, unifying and respectful of those who are sacrificing their lives, as well as those who are feeling so much pain through all of this,” Pelosi said on MSNBC."This is what they need – this is meeting the needs of the American people.
This latest bill, if it passes both chambers of Congress, would become the largest, most expensive spending package in U.S. history – trumping the $2.2 trillion measure Congress passed in March. “Look – we can’t spend enough money to prop this economy up forever,” McConnell stated bluntly. “People need to be able to begin to be productive again. That obviously means that you need to move forward consistent with the guidelines that have been laid down by the healthcare professionals toward opening up the economy. It’s the only solution to the dilemma with which we are confronted."
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