The Trump Administration has sent a $916 billion Covid-19 relief package offer to Democrats, WSJ reports.
Why It Matters: It’s another attempt at getting a deal done before President Trump leaves office as the need for economic stimulus for the American people grows more pressing. However, lawmakers’ inability to reach an agreement so far casts doubt on the possibility of the Trump Administration, Republicans and Democrats coming together on a deal.
- Trump’s latest offer involves a $600 per person check to prop up households.
- It does not include the $300 per week unemployment insurance that Democrats and Republicans had recently “coalesced around.”
Democrats Nancy Pelosi and Chuck Schumer said the offer marked “progress.” In a joint statement, they added it “must not be allowed to obstruct the bipartisan Congressional talks that are underway.”
- Senate Majority Leader Mitch McConnell has yet to comment on the offer.
In Short: “The re-engagement from the White House and back-and-forth between party leaders complicated a delicate effort from a small group of lawmakers to finalize the details of their own $908 billion compromise effort. Congress and the White House have for months failed to put together a fifth coronavirus aid package, prompting an informal set of Republicans and Democrats to try to craft their own bill in recent weeks.”
- The $908 billion deal framework would add $300 to weekly unemployment benefits, give $82 billion for schools, $16 billion to Covid-19 vaccine distributions and $288 billion for small business relief.
There’s a ton still left to debate, from liability protections for businesses, health-care providers and schools, as well as state and local allocations of funds.