• Senate Democrats block GOP’s $500 billion coronavirus aid bill as Pelosi-Mnuchin talks continue

    22 Oct 2020 | Economic News

Senate Democrats block GOP’s $500 billion coronavirus aid bill as Pelosi-Mnuchin talks continue

Senate Democrats blocked Republicans’ attempt to pass a $500 billion coronavirus stimulus bill Wednesday as House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin make a last-ditch push to strike a relief deal before the 2020 election.

The GOP tried to advance its bill, similar to one Democrats opposed last month. The measure failed in a 51-44 party-line vote, falling short of the 60 votes needed.

The Senate vote on a bill that had little chance of becoming law came as Pelosi and Mnuchin extended their discussions toward a comprehensive agreement. The sides said they made progress in a conversation Tuesday. Both Pelosi and White House chief of staff Mark Meadows said they aim to have a deal in place before the end of the week.

The negotiators face a range of political pitfalls with under two weeks until the election. After at one point pulling out of talks, President Donald Trump has pushed for a sprawling relief bill as voters head to the polls. He has even claimed he wants to put more money into a package than the $2.2 trillion Democrats seek.

But every step the White House takes toward Democrats’ position risks losing more Senate Republican support in a potential vote. It appears unlikely a bipartisan agreement would get the 13 Senate GOP votes needed to overcome a filibuster.


Reference: CNBC

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