Nancy Pelosi, Chuck Schumer: Covid-19 spike raises the urgency for a new relief bill
Published Date: 11/12/2020
Source: CNBC Television
House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) called for a sweeping new coronavirus relief bill in response to record infection numbers across the U.S. during a press conference on Thursday. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi The top Democrats in Congress said Thursday that a record surge in U.S. coronavirus infections raises the urgency for a new relief bill. The part of the process that has confounded Washington for months — crafting a bill backed by both Democrats and Republicans — has become no less of a challenge since Election Day. Speaking to reporters in Washington, House Speaker Nancy Pelosi said she still supports legislation to inject at least $2.2 trillion into the American health-care system and economy. The California Democrat, who will see her party’s majority shrink by at least six seats after the 2020 election, cited Wednesday’s record 143,231 new Covid-19 infections as reason to stick to a spending demand the GOP has seen as unreasonable. “We’re at the same place, even more so with the pandemic,” she said. “Because look at those numbers!” Her comments reflect a fundamental disagreement with Republicans over what the U.S. needs to recover from the pandemic. The gulf has lingered throughout start-and-stop talks between Pelosi and the White House. On Thursday, Senate Majority Leader Mitch McConnell acknowledged the need for another aid package but said it should resemble the GOP’s $500 billion proposal that Senate Democrats blocked before the election. “I gather [Pelosi] and the Democratic leader in the Senate still are looking at something dramatically larger,” the Kentucky Republican told reporters. “That’s not a place I think we’re willing to go. But I do think there needs to be another package. Hopefully we can get past the impasse we’ve had now for four or five months and get serious about doing something that’s appropriate.” » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV