Bipartisan Group Provides $ 908 Billion Covid-19 Relief to Reach Deadlock in Congress US News

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A bipartisan group of U.S. lawmakers on Tuesday unveiled a $ 908 billion Covid-19 aid plan aimed at breaking the months-dead stalemate between Democrats and Republicans over new emergency assistance to small businesses, the unemployed, airlines and other industries.

The measure was not enshrined in law. It was not accepted by the Trump government, the elected president, Joe Biden, or the leaders of the senate or the House of Representatives, and they would all be needed to get through.

But it involves the support of a group of conservatives and moderates who claim that this attracts the widespread attractiveness of Congress. Economists and senior government officials, including Federal Reserve President Jerome Powell, have warned the U.S. economy unless Congress acts.

Lawmakers hope to complete the work of the year by mid-December, but they still have a huge government funding bill to approve, otherwise they risk the agencies shutting down on December 12th. If a bipartisan coronavirus relief account results in adhesion, it can either be attached to the release account or you can move forward on a separate track.

“It would be foolish with steroids if Congress left for Christmas without making a temporary package,” said Senator Mark Warner, a Democrat from Virginia.

Earlier this year, more than $ 3 tons of coronavirus subsidies were brought in, which included stimulus measures and money for medical care. But since then, talks on further subsidies have stalled in Congress.

Powell told Congress on Tuesday that the outlook for the U.S. economy is “extremely uncertain” as the rise in Covid-19 cases continues to cause economic damage to the country. The latest job report released on Friday is expected to show that the pace of labor market recovery remains slow.

The plan was unveiled at a Capitol Hill press conference amid a surge in coronavirus cases, with a significant increase in deaths and hospital resources at a breaking point.

Alaska Republican Senator Lisa Murkowski urged swift action on the bipartisan plan when he marked fungal business closures in the state “during a rather dark and cold time of year”, many struggling with job losses and “food insecurity”.

The proposal would provide emergency aid until March 31, which would include $ 228 billion for pay protection programs for hotels, restaurants and other small businesses. The state and local governments would receive direct support, lawmakers said.

Ohio Governor Mike DeWine has turned to Congress for help from Republican, who noted in an interview with CBS that his state has more than 5,000 coronavirus patients in hospital and does not have enough money to distribute the long-awaited Covid vaccines. available this winter.

U.S. airlines would receive four billion monthly payroll subsidies as part of a $ 45 billion four-month payroll subsidy for the transportation sector, which includes airports, buses and the Amtrak passenger rail, say two people familiar with the plan.

According to Utah Republican Senator Mitt Romney, the bill included $ 560 billion in “regrouping” funding from the Cares Act passed in March, with the remaining $ 348 billion in new money.

The measure contains provisions called for by Republicans, including protection of the liability of businesses and schools. But it is far more expensive than the $ 500 billion supported by Senate Majority Leader Mitch McConnell.

House Speaker Nancy Pelosi and her Democrats would win a central demand with the support of state and local governments facing redundancies at the front.

Lawmakers say the package includes a $ 300 a week compromise with additional unemployment benefits for four months. Democrats made $ 600.

In particular, a group of Democratic senators on Tuesday introduced legislation extending the $ 600 weekly unemployment benefit for workers who lost their jobs due to Covid-19 until October 2021.

Although significantly below the $ 2.3 tons Pelosi earned in its latest bid to the White House ahead of the Nov. 3 election, the $ 908 billion is relatively short-lived and could potentially open the door to further requests for money, as the Biden administration created. .

Pelosi and Steven Mnuchin, the treasury secretary, are expected to have a discussion on coronavirus aid and a mandatory funding bill on Tuesday.