U.S. Senate to vote this week on ‘skinny’ pandemic reduction invoice, PPP funds

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© Reuters. FILE PHOTO: US Sentate Candidates debate in Kentucky

By Katanga Johnson and David Shepardson

WASHINGTON (Reuters) – The U.S. Senate will vote on Wednesday on a $300 billion Senate Republican coronavirus reduction invoice that’s far under the estimated $2 trillion that Democrats have demanded.

The invoice, dubbed a “skinny” reduction invoice for its pared-down funding, was already rejected https://www.reuters.com/article/health-coronavirus-usa-congress/u-s-senate-to-vote-on-republican-coronavirus-aid-bill-opposed-by-democrats-idUSL1N2G61U6 by Democrats in September and is once more anticipated to fail.

Senate Majority Chief Mitch McConnell mentioned in a press release Saturday that the vote would observe a standalone vote on further Paycheck Safety Program (PPP) funds on Tuesday.

Home Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke for an hour and quarter-hour Saturday night and the staffs “will proceed discussions, and so they have agreed to talk once more on Monday,” Treasury spokeswoman Monica Crowley mentioned on Twitter.

Pelosi advised MSNBC on Friday that she and Mnuchin had been “making progress” however mentioned there have been nonetheless important areas of disagreement.

On Oct. 10, Mnuchin proposed a $1.8 trillion financial stimulus proposal in talks with Pelosi however many Senate Republicans have balked at a package deal that huge.

Time is winding down earlier than the Nov. 3 presidential election to achieve settlement on a brand new coronavirus reduction package deal.

“These are simply a few of the pressing wants that Washington ought to meet instantly whereas debates proceed over the remaining,” McConnell mentioned.

In September, McConnell estimated the price of the brand new PPP program at $257 billion.

Aid plans have stay slowed down over the suitable quantity of funding and associated points like coronavirus testing plans and a Republican push to guard firms from legal responsibility if their employees get contaminated on the job.

Airways have pleaded with Congress for a brand new $25 billion bailout to maintain employees on the job after a previous six-month payroll help program expired on Sept. 30. At the least 32,000 airways employees have been laid off this month after funding ended.

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