McConnell Covid-19 Stimulus: 'It's About Time to Get This Done'
Published Date: 12/14/2020
Source: Bloomberg Quicktake: Now
A bipartisan group of lawmakers delivered details of their proposed $908 billion pandemic-relief package, splitting it into two parts in recognition of deep differences over state aid and a liability shield for employers. Now it will be up to Democratic and Republican leaders in Congress to find a way to get one or both parts of the plan through the House and Senate before the last of the economic relief provisions from an earlier stimulus expire at the end of the year. The senators who worked to negotiate a compromise over the past two weeks are proposing a $748 billion relief plan that includes nearly $300 billion in help for small business, $300-per-week in enhanced unemployment benefits and aid for vaccine distribution. Their second bill only contains two elements: $160 billion in state aid sought by Democrats and the liability provisions that Republicans have said should be part of an aid package. “Bipartisanship and compromise is alive and well in Washington,” said Democratic Senator Joe Manchin of West Virginia in a press conference unveiling the proposed bill. “Now it’s up to the leadership to take it and make this happen on a timely basis.” Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake