McConnell scraps $ 1.8 trillion coronavirus contract, breaking with Trump

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Majority leader in the Senate Mitch McConnellAddison (Mitch) Mitchell McConnellOn The Money: Mnuchin Says Relief From COVID-19 Before Election “Would Be Difficult” | Gender employment gap widens with start of virtual school year | Warren is tearing Disney apart over layoffs and executive pay. Overnight Health Care: Barrett Reports ObamaCare May Survive Termination of Mandate | CDC warns of small gatherings fueling spread of COVID | Judge Blocks Wisconsin Capacity Limits Amy Coney Barrett’s Hearing Capacity Reveals Senate Misplaced Priorities READ MORE (R-Ky.) Thursday shot down the prospect of a coronavirus deal totaling between $ 1.8 trillion and $ 2.2 trillion – the goals of ongoing talks between Democrats and the White House.

McConnell’s comments, addressed to Kentucky reporters, highlight the divisions between President TrumpDonald John Trump Twitter CEO calls blocking of New York Post article without explanation “unacceptable” Michael Cohen writes second book on Trump administration’s Justice Department As Trump publicly plays down the virus, a rating based on private briefings triggered share sales and Senate Republicans on a fifth coronavirus package, with the GOP leader preparing to force a vote on a $ 500 billion bill next week.

“I do not think so. This is where the administration is ready to go. My members believe that a highly targeted half trillion dollars is the best way forward, ”said McConnell, when asked about the prospect of a total deal between $ 1.8 and $ 2.2 trillion.

McConnell added that even if a reporter was right, negotiations are ongoing between the President Nancy PelosiNancy PelosiOn The Money: Mnuchin Says Relief From COVID-19 Before Election “Would Be Difficult” | Gender employment gap widens with start of virtual school year | Warren tears up Disney over layoffs, executive compensation videos show conservative activists discussing limit on postal voting: Republican Michigan report self-isolating after positive coronavirus test (D-Calif.) And the White House on the higher price bracket, “This is not what I’m going to put on the floor. “

McConnell’s comments come as President Trump signaled on Thursday that he was prepared to go above $ 1.8 trillion in negotiations with Democrats.

“Absolutely, I would. I would pay more. I would go higher. Go big or go home, I said that yesterday. Go big or go home, ”Trump said in a Fox Business phone interview Thursday morning.

But McConnell is set to file a significantly smaller bill next week.

The GOP plan, which McConnell says will be around $ 500 billion, will include another round of paycheck protection program (P3) funding, money for tests and hospitals, and protections for companies against coronavirus lawsuits.

Senate Republicans have struggled to get on the same page as the White House when it comes to coronavirus negotiations.

Senate Republicans offered a $ 1.1 trillion coronavirus package at the end of July, but McConnell warned at the time that up to 20 GOP senators could vote “no.” They then unveiled a smaller bill in September that authorized around $ 500 billion that 52 of the 53 GOP senators backed.

McConnell has publicly warned that just because Democrats and the White House get a deal doesn’t mean he would agree to put it on the floor. Speaking to reporters at a recent press conference, McConnell said he would “take a look and see if I can sell this to Republicans in the Senate.”

Senate Republicans lifted the price to $ 1.8 trillion last weekend in a phone call with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows.

A source familiar with the call said there were “significant concerns raised about the price.”

“There is an opening to continue trading, but the current top line is an obstacle,” the source added.

Responding to criticism from the GOP, Meadows told Republicans that “you will all have to come to my funeral” once he shares his concerns with Trump.

Updated at 2:06 p.m.



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