Senate Republican leaders and the White House appear to have overcome their differences and are poised to introduce their next coronavirus relief plan.
Tens of millions of still-unemployed Americans will lose the supplemental $600 a week provided under the CARES Act by the end of July. Lawmakers so far have failed to agree on a new relief package.Senate Republican leaders and the White House appear to have overcome their differences and are poised to introduce their next coronavirus relief plan on Monday afternoon.
The $1 trillion plan is expected to reduce the federal unemployment benefit to about $200 per week, on average, or 70% of the wages a worker earned before ending up jobless.
"Honestly, I see us being able to provide unemployment insurance; maybe a retention credit to keep people from being displaced or brought back into the workplace; helping with our schools," Meadows said."If we can do that, along with liability protection, perhaps we put that forward, get that passed, and we can negotiate on the rest of the bill in the weeks to come."
House Speaker Nancy Pelosi of Calif. speaks at a news conference on Capitol Hill in Washington, Friday, July 24, 2020, on the extension of federal unemployment benefits.Senate Majority Leader Mitch McConnell is expected to unveil the new GOP proposal in a Senate floor speech Monday afternoon, according to Meadows and GOP leadership aides, after which negotiations with Democrats can begin in earnest.
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