Schumer and Pelosi staff continue discussions with the Treasury


Democrats have pushed for changes to the program and more funds to support local governments fighting the pandemic. The Republicans have accused the Democrats of holding the money for small businesses that are hemorrhaging money while trade is halted.

Last week, Democrats in the Senate blocked an attempt by Senate majority leader Mitch McConnell, R-Ky., To pledge another $ 250 billion in funding for the program through his chamber by unanimous vote. The Republicans then rejected the Democratic proposal put forward by Pelosi and Schumer allocating an additional $ 250 billion to small businesses, hospitals, states and food aid programs.

“It has been amazing to see our fellow Democrats treating emergency funding for Americans’ paychecks as a Republican priority that they should be encouraged to support,” said McConnell on Wednesday.

“The cost of continuing democratic obstruction will be the pink slips and the closed businesses. “

Meanwhile, Pelosi told CNN’s Jake Tapper on Wednesday that the party is still pressuring for changes to the program. A plan the Democrats “still want to negotiate” provides $ 60 billion for community financial institutions, such as credit unions or community banks, to help put money in these hands, she said.

“We all want it to work. We all want to facilitate this, “she said,” but we cannot do it by accentuating the lack of access to credit for small businesses in our country. “

On Wednesday, the governors of Wisconsin, Michigan and Pennsylvania, three notable swing states, sent a letter to President Donald Trump to warn of a budget deficit.

“In Michigan, initial estimates suggest that state revenues could be cut by just $ 3 billion this year – $ 7 billion over the next 18 months,” wrote Michigan governor Gretchen Whitmer.


Please enter your comment!
Please enter your name here