Congress to Consider Another Covid Stimulus Relief Package Next Week
Published Date: 1/28/2021
Source: Bloomberg Quicktake: Now
Pelosi told reporters that the House will vote next week on a budget resolution, the first step in setting up a fast-track process to pass Biden’s $1.9 trillion stimulus bill without Republican support. “We have to act,” Pelosi said, adding that Democrats would not “surrender” if Republicans decide not to cooperate on proceeding with a stimulus bill. After the House and Senate pass a fiscal 2021 budget resolution, a special reconciliation bill adhering to that budget can subsequently pass the Senate with just 50 Democratic votes, bypassing the need to find 10 Republicans to shut off unlimited Senate debate. The speaker said she remains hopeful that Republicans will be persuaded to support at least more vaccine money, direct payments and state and local aid. “I do think that we have more leverage getting cooperation on the other side if they know we have an alternative, as well,” she said. 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