August 5, 2020

Progress seen in coronavirus relief talks — but still ‘a lot of work to do’

“I think we would also characterize the discussions as the most productive we’ve had to date,” Mnuchin added. “I would characterize this as there’s still a lot of work to do.”

A day after Pelosi and Meadows tossed rhetorical bombs at one another in dueling TV appearances, the tone was extra severe on Saturday. Gone have been the verbal digs on the different aspect, a transparent signal that for in the future at the very least, the nationwide political management was transferring ahead in addressing the continuing financial disaster unfolding throughout the nation because the pandemic worsens.

A $600-per-week federal unemployment profit expired on Friday, as did an eviction moratorium. The finish of these two federal protections might harm some of the tens of millions of Americans who’ve misplaced their jobs for the reason that coronavirus pandemic hit the nation 5 months in the past. More than 153,000 Americans have died from the illness, and the U.S. financial system shrank by greater than 9% as companies shut down.

President Donald Trump and Senate Republicans are supporting a $1 trillion bundle that may restore the federal unemployment ranges, but at far decrease ranges. The GOP plan would additionally spend tens of billions extra to reopen faculties, increase state coronavirus testing capabilities, support farmers, and help world well being applications. Republicans — led by Senate Majority Leader Mitch McConnell (R-Ky.) — are additionally demanding legal responsibility safety from lawsuits for faculties and companies as they start to reopen.

Pelosi and Schumer, nevertheless, are backing a much more expensive $three trillion House-passed proposal that may prolong the $600 weekly federal unemployment profit till subsequent 12 months. And Democrats need greater than $900 billion in federal support for state and native governments, in addition to much more monetary help for faculties and universities.

As the talks slowed down this week, Meadows and Mnuchin made a number of affords for a short-term continuation of the $600-per-week unemployment fee in mixture with another provisions.

But the Democrats rejected that White House-led effort, saying they need to come to an settlement on a bigger bundle, not a “piecemeal approach” to the issue.

“So today was productive in terms of moving us forward,” Pelosi mentioned. “But it is again, we have to get rid of this virus so that we can open our economy, safely open our schools and to do so in a way that does not get cuts in benefits to America’s workers.”

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