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U.S. Senate to vote this week on 'skinny' pandemic relief bill, PPP funds


Minggu, 18 Oktober 2020 / 09:01 WIB
U.S. Senate to vote this week on 'skinny' pandemic relief bill, PPP funds
ILUSTRASI. U.S. Senate office

Sumber: Reuters | Editor: Anna Suci Perwitasari

KONTAN.CO.ID - WASHINGTON. The U.S. Senate will vote on Wednesday on a $300 billion Senate Republican coronavirus relief bill that is far below the estimated $2 trillion that Democrats have demanded.

The bill, dubbed a "skinny" relief bill for its pared-down funding, was already rejected by Democrats in September and is again expected to fail.

Senate Majority Leader Mitch McConnell said in a statement Saturday that the vote would follow a standalone vote on additional Paycheck Protection Program (PPP) funds on Tuesday.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke for an hour and 15 minutes Saturday evening and the staffs "will continue discussions, and they have agreed to speak again on Monday," Treasury spokeswoman Monica Crowley said on Twitter.

Pelosi told MSNBC on Friday that she and Mnuchin were "making progress" but said there were still significant areas of disagreement.

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On Oct. 10, Mnuchin proposed a $1.8 trillion economic stimulus proposal in talks with Pelosi but many Senate Republicans have balked at a package that big.

Time is winding down before the Nov. 3 presidential election to reach agreement on a new coronavirus relief package.

"These are just some of the urgent needs that Washington should meet immediately while debates continue over the rest," McConnell said.

In September, McConnell estimated the cost of the new PPP program at $257 billion.

Relief plans have remain bogged down over the appropriate amount of funding and related issues like coronavirus testing plans and a Republican push to protect companies from liability if their workers get infected on the job.

Airlines have pleaded with Congress for a new $25 billion bailout to keep workers on the job after a prior six-month payroll assistance program expired on Sept. 30. At least 32,000 airlines workers have been laid off this month after funding ended.

 

Selanjutnya: Gold set for weekly decline as stimulus hopes ebb

 




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