Nancy Pelosi and Mitch McConnell, Congress

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The prospects for another coronavirus relief package before the end of the year diminished rapidly on Thursday, as Republicans and Democrats indicated no intent to budge from their their long-held positions on spending levels.

Both the Democratic leaders Nancy Pelosi and Chuck Schumer said they are still calling for a $2.4 trillion stimulus package, arguing the surge of infections strengthens the case for a robust federal response.

“We’re at the same place,” Pelosi at a joint news conference with Schumer. “Even more so with the pandemic because look at these numbers. Look at these numbers. Look at the predictions of the scientific community.”

But Senate Majority Leader Mitch McConnell said less than an hour later he does not believe the US economy needs that level of support. Instead, Republicans are pushing for a $500 billion proposal, an amount only a quarter of the size that Democrats want.

“The level at which the economy is improving further underscores that we need to do something at about the amount that we put on the floor in September and October,” he said. The Kentucky Republican added Democrats “are looking at something dramatically larger. That’s not a place I think we’re willing to go.”

The remarks …read more

Source:: Businessinsider – Politics


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