While some were hopeful that a bipartisan bill could be passed to create more economic relief for those impacted by the Coronavirus Pandemic – it’s likely now that it simply won’t happen.
Congress has effectively moved past the point of being able to work out a deal before Election Day, which means the outcome of the election could play a bigger role on what kind of deal is struck afterward.
Republicans are planning to reconvene the Senate this week to vote again on a proposal that is approximately one-third the size of the measure being negotiated by Democrats in the House.
Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had been negotiating, but stopped after the two sides failed to reach an agreement.
Senate Majority Leader Mitch McConnell says his attention will switch to cementing a 6-3 conservative majority, according to the Associated Press, after the relief bill dies. Even though he anticipates Republicans will move it through Senate, he does not have that expectation for Democrats in the House.
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