White House, U.S. Congress Democrats to continue effort on Coronavirus aid

0
86

Top White House officials and Democratic leaders in the U.S. Congress will try again on Tuesday to narrow gaping differences over a fifth major Coronavirus-aid bill to help stimulate the economy and possibly dispatch new aid to the unemployed.

Several days of closed-door negotiations have so far yielded few results, according to the participants.

“We’re making some progress on certain issues,” Senate Minority Leader Chuck Schumer told reporters after Monday’s talks. “There are a lot of issues that are still outstanding.”

Chicago Federal Reserve Bank President Charles Evans on Monday urged Congress and the White House to agree to more federal spending to help the economy, which has seen tens of millions of people lose jobs.

RELATED NEWS:Trump shaped by bullying father, niece says, as White House cries foul

“The punch line ought to be, ‘the ball is in Congress’ court.’ Fiscal policy is really fundamental for getting us going forward,” Evans told reporters in a phone call.

Schumer, House of Representatives Speaker Nancy Pelosi, Treasury Secretary Steven Mnuchin, and White House Chief of Staff Mark Meadows has been trying for a breakthrough in talks that largely have focused on Democrats’ call for renewing an “enhanced” unemployment benefit of $600 per week that expired on Friday.

Republicans have proposed reductions, saying $600 — on top of state benefits — discourages people from taking lower-paying jobs.

READ ALSO:Trump took shelter in White House bunker as protests raged

Meanwhile, Republican Senator Lindsey Graham offered a plan to cover 100% of the jobless workers’ previous wages.

“I don’t like it but for a short period of time, I would buy it,” Senate Finance Committee Chairman Chuck Grassley told reporters.

Watch Leakblast TV channel from around the world

Even if Republicans and Democrats can agree on jobless benefits, plenty of differences remain, including whether to extend a moratorium on housing evictions and Democrats’ demand for around $1 trillion in aid to state and local governments suffering revenue shortfalls as a result of the Coronavirus pandemic.

Thanks for Reading via the most updated news portal

About Leakblast.com

Share your story with us

Advertise With us

Encourage & Support LeakBlast

Feel free to contact us

Call Us:+234(0)9073726403
Get us on Whatsapp: +234(0)8181166425      
Email Us: editors@leakblast.com

SUPPORT LEAKBLAST JOURNALISM OF INTEGRITY AND CREDIBILITY

Good  journalism costs a lot of money.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble Endeavor.

By contributing to LeakBlast, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Support LeakBlast

LEAVE A REPLY

Please enter your comment!
Please enter your name here