Mitch McConnell
Source: CNN.com
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Coronavirus Stimulus Update: Senate Is Likely To Vote On COVID-19 Relief Package This Thursday

Mitch McConnell
Source: ABC News

According to Mitch McConnell, the Senate will finally vote on a new coronavirus package by this week.

A vote on the package, which won’t likely be accepted by the Republicans, could come into play this Thursday. The Kentucky Republican says that the bill is meant to tackle the “very most urgent” needs facing Americans amidst the coronavirus.

Importantly, this will be the first formal vote of the Senate on more extensive coronavirus relief since March 2020.

McConnell said, “Senators will…vote on whether to make laws, whether to forge a compromise, whether to do a lot of good for the country and keep arguing over the remaining differences later.”

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Mitch McConnell
Source: ABC News

What Is The Scope Of The Package?

NBC News reports that the package will allow the different states to restart enhanced unemployment insurance at around $300 per week through late December. It will also authorize another round of Paycheck Protection Program loans for the affected small businesses. Moreover, it will create extensive liability protection for companies.

The package will account for $105 billion for the schools, $16 billion for Covid-19 testings, $31 billion toward developing vaccines and $15 billion for the childcare grants.
However, it will not provide direct payments to individuals. It will also not account for additional money for the state and local governments again.

 

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Sadly, the bill will not likely receive the 60 votes that it needs to get through the Senate.

Nancy Pelosi, D-Calif., and  Chuck Schumer, D-N.Y., states in a joint statement that “Senate Republicans appear dead-set on another bill which doesn’t come close to addressing the problems and is headed nowhere.”

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They stated that the Democrats wish to create bipartisan legislation which will cater to the dire needs of the Americans. But the Republicans still happen to oppose them and go in the opposite direction.

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Liza Das

I am a girl from Assam, India. I am currently pursuing my Masters in English Literature from The English and Foreign Languages University, Hyderabad (EFLU). I am working as an intern for the content writing position at 'The Tech Education'. I have been writing on a wide range of topics, starting from politics to Hollywood celebrity news to some latest news as well. I would love to pursue content writing as a job in the future. Personally, I love writing whatever strikes my mind. I am an ardent fan of 'Harry Potter' and 'Friends'. One of my favorite hobbies is to read fiction novels. I love books by Dan, Brown, Agatha Christie, Arthur Conan Doyle, Jane Austen, J.K. Rowling, Sidney Sheldon, Amish Tripathi, Lauren Weisberger, and the list goes on.