[ad_1]
Washington — Senate Majority Leader Mitch McConnell on Sunday said Democrats and Republicans have “finalized a deal” on a $900 billion COVID-19 economic relief package. It’s unclear when they will vote on it, although the government is set to shut down if a deal is not reached by midnight.
“As our citizens continue battling this coronavirus this holiday season, they will not be fighting alone,” McConnell said Sunday on the Senate floor.
House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said the bill includes $600 in direct payments and $300 a week in enhanced unemployment.
Senator John Thune of South Dakota said the bill will allow businesses to deduct Paycheck Protection Program loans, a provision that Treasury Secretary Steven Mnuchin had previously objected to.
The $900 billion relief bill includes direct payments to taxpayers, expanded unemployment benefits and hundreds of billions of dollars in pandemic-related aid.
The House and Senate convened Sunday afternoon and could vote on a relief and funding package by the end of the day. House Majority Leader Steny Hoyer told members to expect votes later in the day, and possibly “late into the evening.”
Congress passed a two-day extension of government funding that the president signed into law to avoid a government shutdown Friday night. That extension expires at midnight Sunday, meaning lawmakers would need to extend the deadline further if votes on the relief bill stretch into Monday. Leaders are hoping to combine the relief bill with the larger year-long $1.4 trillion spending package.
An aide to Senator Pat Toomey of Pennsylvania and a senior Democratic aide confirmed late Saturday that the two sides had reached an agreement on the language in Toomey’s proposal. Toomey said on a conference call on Sunday that he had agreed to narrow the language to apply only to the three lending facilities established by the CARES Act.
“I can tell you that, yes, we did narrow it,” Toomey said. “Because the Democrats made a fair point. That was too broad. And that might have captured facilities that we didn’t intend to capture, and so it was, yes, it was narrowed.”
Toomey also said he would support the final package: “Despite the significant reservations I have about some particular features, I think the good outweighs the bad and it is my intention, at this point, to vote for it.”
Schumer, the upper chamber’s top Democrat, said in a speech on the Senate floor on Sunday that “barring a major mishap,” Congress will vote “as early as tonight.”
“We have surmounted the final largest hurdle and an ending is in sight,” he said. “Let’s get the job done together for the sake of the American people.”
Lawmakers were working through the weekend to reach a deal on government funding measure and the relief bill before the Christmas holiday, with several key programs set to expire by the end of the year.
Alan He contributed reporting.
[ad_2]
Source link
