Congress Needs to Pass a Stimulus Package and Spending Bill By End of Week
Congress is scrambling to pass a coronavirus relief package and spending bill by the end of this week, according to CNBC.
On Monday, lawmakers are looking to propose a detailed outline of a $908 billion package. They also need to pass a spending bill by this Saturday or a government shutdown will occur. According to Louisiana Republican Senator Bill Cassidy, the biggest issues with the stimulus package remain state and local government support and business liability from COVID lawsuits.
“I think in some way this package passes,” Cassidy told said. Senate Majority Leader Mitch McConnell has publicly stated that he supports a smaller bill of around $500 billion. House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer have called for more than $2 trillion for a stimulus package. “We’re at the last minute, we have a bipartisan compromise. It should be the framework for the emergency we have now, to deal with things in the next few months,” Schumer said.
Unemployment benefits are set to expire at the end of this month with around 12 million people losing benefits if Congress doesn't agree on a plan. Furthermore, millions of Americans could be evicted if a bill isn't passed extending the moratorium.
The new proposal would provide additional funding for federal unemployment benefits at $300 per week and provide additional funding to vaccine distribution, schools, and other measures. However, the bill does not include another round of $1,200 direct payments to Americans.