Democrats block stimulus bill as talks block: congressional update

U.S. Senators met on Sunday to finalize a bipartisan bill worth more than $ 1,000 billion to help ease the economic blow from the coronavirus pandemic.

Democratic leader in the Senate Chuck schumer and Speaker of the House Nancy Pelosi say they want to add more worker-focused provisions to bill released late last week by Senate Majority Leader Mitch mcconnell. secretary of the treasury Steven mnuchin represented the Trump administration in the talks.

Here are the latest developments:

Democrats Block Stimulus Bill As Talks End (6:42 PM)

Democrats on Sunday blocked a Senate procedural vote to advance the coronavirus economic bailout after leaders in Congress disagreed on how to spend nearly $ 2 trillion. This complicates McConnell’s plan for the Senate to pass the bill on Monday.

Both sides want immediate and widespread relief for an economy ravaged by the coronavirus. But they continue to differ on key sections, including part of the $ 500 billion bill that could be used to help businesses, including airlines, or state and local governments.

House tenant Nancy Pelosi left a meeting in McConnell’s office earlier Sunday saying they didn’t have a deal and the House would draft its own package – a move that could add days of partisan wrangling.

Pelosi says House is finalizing the counterproposal (4:38 p.m.)

The Democratic president has said the House is finalizing its version of the next round of fiscal stimulus, even as Republican and Democratic senators attempt to resolve disputes over the Senate bill.

“There is currently a big difference between the workers ‘and families’ liability law and what the Republicans in the Senate are proposing,” Pelosi said in a letter to his colleagues.

If the House does not pass the same version of the legislation passed in the Senate, it will take longer for the bill to reach the President. Donald trump for his signature. Negotiations in the Senate continue as McConnell would need Democrat support to pass his bill.

McConnell Delays Procedural Stimulus Voting (3:03 p.m.)

McConnell postponed a procedural vote on the stimulus bill amid objections from Democrats that the GOP bill ignored some of their key demands.

Democrats have threatened to vote against moving the bill forward unless they can reach agreement on several provisions. The vote was scheduled to take place around 3 p.m. and McConnell postponed it until 6 p.m.

Democrats slam GOP bailout of ‘business cronies’ (2:33 p.m.)

Senate Democrats say the current version of the stimulus bill is lacking when it comes to funds for state and local governments, expanded emergency leave provisions, support for the treatment of the uninsured and l student loan relief, according to a person familiar with their objections.

Democrats also want the bill to strengthen unemployment insurance for more than three months, protect people from eviction or foreclosure, and send direct payments to all Americans, even those who haven’t produced. of tax returns in 2018 and 2019.

Ohio Democrat Sherrod Brown compared the GOP proposal to the 2008 bailout that gave “Wall Street a blank check with taxpayer money.” Still, he said he would continue to negotiate with his fellow Republicans.

“We need to bring real relief to workers and hold companies to account,” Brown said in a statement. “This means there is no bailout without investing in the dignity of work.”

Democrat of Maryland Chris Van Hollen said the current version of the stimulus bill amounts to a bailout for “big business buddies at everyone else’s expense.”

Democrats’ GOP Stimulus Offer, Own Bill Plan (14:09 ET)

Pelosi and Senate Democrats have said the current version of the virus stimulus bill does not go far enough to address their concerns, casting doubt on McConnell’s schedule for a Senate vote on Monday.

Sen. Illinis Dick Durbin, a member of the Democratic leadership, said Senate Republicans were wrong to say they would move on to drafting legislative language before Democrats approved.

Among other hurdles, Durbin and Senator Debbie Stabenow, a Democrat from Michigan, said the Republicans’ supply did not allow for a sufficient increase in health care resources, such as increasing hospital capacity.

“We have to have a healthcare component big enough to help our hospitals,” Stabenow told the reporter. “What we have seen so far is not.”

GOP sees deal in sight with details in Flux (12:57 ET)

Republican leaders hope they can resolve outstanding issues on the virus-fighting package by Sunday afternoon, as they have an agreement on total spending levels for certain provisions, according to two people familiar with the negotiations.

Republicans have accepted Democrats’ demand to strengthen unemployment insurance and provide more aid to states, the people said.

Lawmakers are still debating how to characterize small business loans that would be canceled if companies withheld most of their workforce, essentially turning them into grants, people said.

McConnell Says Virus Stimulation Agreement Near (12:42 ET)

McConnell said Republican and Democratic negotiators were close to reaching a deal on the massive stimulus package he still planned to put to a vote in the Senate on Monday.

“I have no doubts that we will come to a yes,” said McConnell. “Make no mistake, we’ll vote tomorrow.

The Republican leader said the most recent version of the bill had the support of “grassroots” Democrats who helped negotiate specific provisions.

When asked if the Democratic-led House would introduce a different version, McConnell said it “would be better for the country” for the House to pass the Senate version it expects to pass on Monday.

Pelosi says there is no agreement on virus stimulation bill yet (12:19 ET)

Pelosi said there is still no bipartisan deal and that House Democrats plan to come up with their own version of the stimulus package. She said the Senate was leading talks now because McConnell had set a goal of voting by Monday.

“We are going to present our own bill and I hope it will be consistent with what they discussed in the Senate,” Pelosi said.

McConnell will speak to reporters on Capitol Hill.

Biparty Leaders Meet on Stimulus Disputes (11:34 ET)

Democratic leaders Schumer and Pelosi meet with McConnell and Mnuchin on Capitol Hill to try to resolve disagreements over the fiscal stimulus plan.

“We need a bill that puts workers first, not businesses,” Schumer said on his way to McConnell’s office.

Democratic senators will also meet at 1 p.m. in Washington to discuss the most recent version of the legislation, according to a Democratic aide.

Democrats ask for limits on companies that get loans (10:31 ET)

On Sunday, Democrats continued to demand more specific terms for companies receiving loans as part of the stimulus package.

A draft GOP bill says companies that receive loans should keep their employees “to the extent possible,” but Democrats want to change this provision to only offer a loan forgiveness if at least 90% of the workforce is retained, according to a familiar person. with negotiations.

Democrats have challenged the Treasury Secretary’s discretion over money going to businesses, including businesses that receive funds, the person said. Mnuchin would also have the option of lifting restrictions on share buybacks under the Republican proposal, the person said.

Democrats also want a more than two-year restriction on executive salary increases for companies that receive federal loans, the person said.

Mnuchin Sees Package on Track for Monday Passage (09:53 EDT)

secretary of the treasury Steven mnuchin said the Trump administration was on the verge of agreeing with congressional leaders from both sides on a massive aid package to support the U.S. economy over the next 10 to 12 weeks.

“I hope it gets passed on Monday because we need the money now,” he told Fox News Sunday.

Mnuchin said lawmakers were likely to wrap up talks on the package on Sunday and vote on Monday morning.

The Senate meets for revival negotiations

Key Republican and Democratic leaders will meet at 11 a.m. in Washington on Sunday to discuss the latest version of the massive stimulus package that members of both parties say is needed to support the economy.

Key provisions include direct payments to U.S. households, more generous unemployment insurance, loans to help small businesses cope with payrolls and loans, and loan guarantees for hardest-hit industries, including including airlines and hospitals.

The Senate will hold a procedural vote in the afternoon that will set up a final vote on the bill as of Monday. The House is still expected to pass the measure before sending it to the President Donald trump for his signature.

Catching up on the Washington virus response

  • Trump, congressional leaders say virus boosting deal made
  • Mnuchin sees emergency aid package on track for Monday’s passage
  • House Democrats want team Trump’s answers on supply shortages
  • Trump pushes unproven coronavirus drug, patients stock up
  • The Fed is doing everything to save the economy. Here’s what might come next

–With the help of Christophe condon, Nancy Ognanovich, Laura Litvan, Jack fitzpatrick, Steven T. Dennis, Jennifer jacobs and Colin Guillaume.

To contact journalists on this story:
Daniel Flatley in Washington at [email protected];
Jack fitzpatrick in Washington, DC at [email protected];
Billy House in Washington at [email protected]

To contact the editors responsible for this story:
Kevin whitelaw at [email protected]

Joe Sobczyk, Ros Krasny

© 2020 Bloomberg LP All rights reserved. Used with permission.

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