The Trump administration makes a $1.8 trillion stimulus offer to Democrats, which includes $400 federal unemployment benefits and $1,200 direct payments
, citing two people familiar with the plan. To keep the price tag down, the plan repurposed nearly $400 billion in unspent relief funds from the spring.$1,200 direct payments to adults plus $1,000 for each dependent childThe latest offer caps a volatile week in stimulus negotiations. Talks between Mnuchin and Pelosi veered in recent days from considering aBut Trump's demands for a larger package collide with the economic disposition of many Republicans.
"I've got a significant percentage of my members who think we've done enough and who are alarmed by the amount of national debt," Senate Majority Leader Mitch McConnell said at a campaign event in Kentucky on Thursday. He was cool onbefore the election on Friday, given the ongoing Supreme Court nomination process of Judge Amy Coney Barrett.
"He got a terrible backlash from it, including in the stock market, which is what he cares about," she said. "And so then he started to come back little by little, and now a bigger package." The US still hasn't recovered half the jobs it lost in March and April. Lawmakers authorized nearly $3 trillion in federal spending as the pandemic crashed into the economy, causing a colossal amount of job losses and small business failures.
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