McConnell Acknowledges Fourth Coronavirus Bill In The Works

Update (1810ET): Senate Majority Leader Mitch McConnell (R-KY) said on Friday that a fourth coronavirus bill is in the works, and that health care should be prioritized – telling the Associated Press that “there will be a next measure.”

“[It] should be more a targeted response to what we got wrong and what we didn’t do enough for — and at the top of the list there would have to be the health care part of it,” said McConnell.

That said, McConnell said he and House Speaker Nancy Pelosi (D-CA) have a “little different point of view” on the timing for the fourth package, and that he is “not in favor of rushing” the next bill.

McConnell tweeted on Friday that Senate GOP are now focusing on ‘tracking the implementation’ of the the $2.2 trillion package passed last week.

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House Speaker Nancy Pelosi has walked back ambitious plans for infrastructure spending in the next coronavirus stimulus package – and is instead focusing on boosting direct payments to individuals as well as loans to businesses, according to Bloomberg, which notes that the shift will leave an estimated $800 billion infrastructure plan in limbo.

“While I’m very much in favor of doing what we need to do to meet the needs of clean water, more broadband and the rest of that, that may have to be for a bill beyond this,” Pelosi told CNBC in a Friday appearance. “I think right now we need a fourth bipartisan bill — and I think the bill could be very much like the bill we just passed.”

“So I’d like to go right back and say let’s look at that bill let’s update it for some other things that we need, and again put money in the pockets of the American people,” she said – promoting the much easier sell, which Bloomberg notes would probably have an easier time getting through Congress.

Pelosi said the $350 billion included the last stimulus for small business to maintain payrolls for two months won’t be sufficient. She said the nation also will need an extension of the expanded unemployment benefits and additional direct payments to middle income individuals. –Bloomberg

Pelosi and other Congressional Democrats pitched approximately $800 billion in new infrastructure spending, which would be allocated towards boosting broadband, access to clean water, and funding for community health centers.

Congressional Republicans have pushed back against the idea – suggesting that we should wait and see what the impact of the first three packages have had, despite President Trump’s call for a $2 trillion infrastructure package.

Meanwhile, nobody has said how the infrastructure plan will be paid for, as nobody has come forward with an actual proposal.

via zerohedge

5 comments

  1. Oh, fucking great. Put our country another $2 trillion in debt. So then we’ll be $26 trillion in total debt. That’s not sustainable.

    1. You’re so right, yet the politicians, as usual, don’t care and say they will take care of the debt later….and of course they never do. This country would be really great if it weren’t for the politicians F8cking it up. So I wrote Trump and said, for all the whiny sports figures, the whiny celebrities who complain about everything and the CEO’s that aren’t paying their way, for all these people who have been given the freedom to make multi millions in this America, they must pay their way and that means to help pay off the national debt, they will be taxed 10% of their GROSS multimillions. That ought to take a bit out of the debt?!!!
      I didn’t put my life on the line to protect these SOBs who whine and complain yet reap the rewards of a great society….if you feel the same, write your Rep or the President.

      1. They can’t steal from Social Security for lack of funds. Now they are going to put burden on our youth. Good luck collecting from them when their all looking for their Entitlement Freebies.
        Government officials are digging the US into a deeper financial hole with the 4th Bill.
        Democrats are weaponizing the economy for their own political hatred of Trump, because they know he is going to win the 2020 election and he will have to deal with the broken down economy and they + (media) will fight him at every word for the next 4 years.
        I have a solution
        Don’t VOTE for a DEMOCRAT.
        The President has the right to Line Item Veto on Bills pasted by Congress
        Sue the News Media for false twisted statements.

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