LIVE: House Debates 2021 Budget After Senate Passes Resolution for Biden's Covid Stimulus
Published Date: 2/6/2021
Source: Bloomberg Quicktake: Now
(Feb. 5) Watch live as the U.S. House of Representatives debates and votes on a concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2021, a move that will enable House and Senate committees to start detailed work on Biden’s $1.9 trillion stimulus proposal. The Senate approved the resolution early Friday after nearly 15 hours of wading through amendments from both parties. Slight changes to the version the House passed on Wednesday mean the House will need to vote again. Two non-binding Senate amendments that did pass -- calling for a bar on stimulus checks going to “upper income” Americans, and for holding off on a minimum-wage hike in the near term while the economy is battling the pandemic -- suggest the potential for components of Biden’s plan to be altered by Congress. Before adoption, Senate Democrats removed three amendments -- related to barring stimulus checks to illegal immigrants, the Keystone XL pipeline and fracking -- that could have caused the budget to lose votes it needs in the House. A remaining amendment supporting the U.S. embassy in Jerusalem could cause some defections from progressives. Pelosi can only lose four votes and still have enough to pass the measure if all members vote. Two deficit hawks, Jared Golden of Maine and Ed Case of Hawaii, voted no on the budget earlier this week. House and Senate committees would have until Feb. 16 to write the stimulus legislation under the instructions in the budget. 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. 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