Prime congressional leaders and Treasury Secretary Steven Mnuchin will meet Sunday, as the Senate moves in the direction of a key procedural vote on an enormous $1.6 trillion-plus financial stimulus package deal to deal with the coronavirus crisis.
And while Senate Republicans and Democrats say they are close to an agreement, they've but to announce any deal.
Senate Majority Leader Mitch McConnell (R-Ky.) will meet in his office with Mnuchin, Senate Minority Chief Chuck Schumer (D-N.Y.), Speaker Nancy Pelosi (D-Calif.) and House Minority Leader Kevin McCarthy (R-Calif.) at 11 a.m.
Schumer and Pelosi have stayed in shut contact with Mnuchin all through the negotiations. Pelosi flew again to Washington Saturday.
Late Saturday evening, McConnell instructed chairmen of key committees to draft language that senators can assessment earlier than a flooring vote Sunday that advances the laws, in an effort to meet a Monday deadline for passage. Democrats insist though that there’s no ultimate deal.
Whereas excellent issues remain, Democrats are anticipated to see a win with $250 billion allocated to unemployment insurance — one of the main sticking factors within the negotiations. In addition, billions are anticipated to go to hospitals to deal with the influx of sufferers because of the pandemic. Schumer has referred to as for a “Marshall Plan” for hospitals.
As well as, Sens. Marco Rubio (R-Fla) and Susan Collins (R-Maine) reached an agreement in precept Saturday night with Sens. Ben Cardin (D-Md.) and Jeanne Shaheen (D-N.H.), on the package deal’s small business provisions. The ultimate deal on small companies will quantity to $350 billion, overlaying 58 million American staff and more than 30 million small companies, Rubio tweeted Saturday.
In the meantime, a whole lot billions of dollars are anticipated to go to distressed industries, together with airways. Democrats are insisting that the stimulus package deal embrace provisions to cease stock buybacks or will increase in pay for prime executives.
Democrats have additionally been pushing for expanded paid depart provisions. However Republicans are displaying little curiosity, with GOP aides noting that the Home-passed second stimulus package deal already included provisions to broaden paid sick leaves.
Republicans are additionally pushing for $250 billion in direct money funds to staff. Beneath the original GOP proposal, individuals and households would receive $1,200 and $2,400 in direct money funds, relying on their revenue degree. Sens. Josh Hawley (R-Mo.) and Mitt Romney (R-Utah) have raised considerations that the unique language of the supply penalizes lower-income People who do have a taxable revenue. However Republican aides say the difficulty shall be resolved within the remaining text.
Src: Coronavirus stimulus talks face major test on Sunday
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