White House calls for coronavirus relief bill after stimulus rejection US and Canada news


The Trump administration has called on Congress to pass a lean coronavirus bill using remaining funds from an expired small business loan program as negotiations over a larger package met with resistance.Sunday’s proposal was the latest twist in recurring talks to try to get more stimulus for the economy, which is struggling to recover from the coronavirus-related closures that have thrown millions of Americans out of work.

In a letter to lawmakers, Treasury Secretary Steve Mnuchin and White House Head of State Mark Meadows said they would continue speaking to Democratic Senate Leader Chuck Schumer and House Speaker Nancy Pelosi to attempt to reach agreement on a comprehensive bill.

However, they said Congress should “immediately vote” on legislation to allow the use of unused paycheck protection program funds, which total about $ 130 billion.

“The all or nothing approach is an unacceptable response to the American people,” they wrote.

A spokesperson for Pelosi, the Democrats’ top negotiator, did not immediately respond to a request for comment.

White House spokesman Brian Morgenstern told reporters the funds would be used to reopen the payroll protection program, which expired earlier this year, to “allow businesses to continue using it. to keep their employees at work ”.

President Donald Trump on Friday proposed a $ 1.8 trillion coronavirus relief package in talks with Pelosi after urging his team on Twitter to ‘go big’ – moving closer to the $ 2.2 trillion proposal Pelosi dollars. Earlier last week, Trump said he was canceling negotiations until after the November 3 election.

Trump’s overthrow and the higher bid have drawn criticism from several Republicans in the Senate, many of whom are worried about the country’s growing debt and fear that a deal would cost Republicans support in the next election.

Federal Reserve officials have urged Congress to be aggressive in supporting the U.S. economy. The head of the Federal Reserve Bank of Minneapolis said on Sunday that the recovery had “flattened”, indicating the need for further stimulus.

“A lot of people are suffering. Lots of small businesses are suffering, ”Minneapolis Fed Chief Neel Kashkari told CBS. “We need Congress to continue to be aggressive to make the recovery stronger.”

White House economic adviser Larry Kudlow said on CNN he believes Senate Republicans will come eventually.

“I think if an agreement can be reached they will accept it,” he said, adding that there will be “new negotiating efforts” on a package this week.


Please enter your comment!
Please enter your name here