Senate Majority Leader Mitch McConnell (R-KY) is set to unveil a $1 trillion phase 4 coronavirus rescue package on Thursday as many states retreat from reopening plans.
House Speaker Nancy Pelosi (D-CA), along with Senate Minority Leader Chuck Schumer (D-NY), has already made her move to block the long-awaited bill, even as the unemployment claims begin to rise after weeks of improvement.
ABC News reported:
McConnell’s $1 trillion package is an opening GOP bid in talks with top Capitol Hill Democrats – who back a $3.5 trillion House bill that passed two months ago.
Nancy Pelosi is still fuming that her outrageous House bill that included a bevy of Democrat wishes entirely unrelated to COVID-19 was rejected by McConnell, and she’s gearing up for another extensive and contentious fight — at the expense of the American people.
Pelosi said at a news conference on Thursday that “What we have seen so far falls very short of the challenge that we face in order to defeat the virus and to open our schools and to open our economy.”
“Republicans need to pull their head out of the sand, get their act together, sit down with Speaker Pelosi and me, and start negotiating a real package,” Schumer chimed in.
One of the most essential functions of the Phase 3 rescue bill included a $600 weekly unemployment insurance supplement to help Americans that lost their jobs to extended shutdowns. That provision is set to expire this week, and both Pelosi and Schumer are already refusing to consider an extension of the supplement while the legislature negotiates the terms of the Phase 4 bill.
Pelosi and Schumer know that causing economic pain to the American people will put the pressure on Republicans to cave to their demands, so it wouldn’t be politically expedient to offer quick economic relief while the politicians dither. “We cannot piecemeal this,” Pelosi said. Schumer added, “we have to address it as a totality.”