Coronavirus stimulus: Congress must 'set aside electoral politics' and pass a new relief package, bipartisan group says

A bipartisan group of lawmakers urged the House of Representatives to postpone the upcoming October recess and remain in Washington, DC until a coronavirus stimulus deal is reached.
"We firmly believe that our place of employment will remain here in the People's House until the house has successfully sent new, non-partisan COVID-19 aid bills to the Senate," said the letter signed by 34 members of the Republican and Democratic House.
“The expectations of our voters in the midst of this crisis are that we will not only face the opportunity and stay at the table until we have brought the relief they so desperately need, but also put electoral policy aside and consider the needs of voters in front of the country a region, parliamentary group or political party, ”it said.
House Speaker Nancy Pelosi (D-CA) waits while Senate Majority Leader Mitch McConnell (R-KY), and Senate Minority Leader Charles E. Schumer (D-NY), for the coffin containing the remains of Rep. John Lewis (D-GA) was promoted from the U.S. Capitol on July 29, 2020 in Washington, DC. (Photo by Brendan Smialowski / POOL / AFP)
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Last week, spokeswoman Nancy Pelosi (D-CA) told the House Democratic Caucus that the House would remain in session until a stimulus deal was reached. House majority leader Steny Hoyer (D-MD) said the leadership could stay in session while lawmakers could be called back with 24 hour notice to vote on a deal.
Legislators are expected to take a break on October 2 - or in less than two weeks - to camp before the upcoming elections.
"Some have suggested that members of Congress seek to return to their districts to camp before the November 3rd elections, even if that means leaving Capitol Hill without passing another COVID-19 relief bill," it says in the letter. "We would like to say very clearly that we do not agree with this position in any way."
"The chances of a deal are already slim"
The business cycle negotiations remained in a stalemate for almost two months after the two parties failed to reach an agreement on the price of the deal and which provisions should be included, such as: B. Unemployment benefits, aid to state and local governments.
Read more: Coronavirus Stimulus Reviews: What Stops a Second Round Payment?
The Democratic Plan passed in May - the HEROES Bill - was originally valued at over $ 3 trillion but was later trimmed to $ 2.2 trillion. The Republicans' original proposal was worth $ 1 trillion, but the party's newer proposal, which was rejected in the Senate, was worth only $ 300 billion.
United States President Donald Trump speaks during a press conference in the James Brady Press Briefing Room of the White House on September 18, 2020 in Washington, DC. (Photo by Alex Wong / Getty Images)
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Since then, the White House has expressed its support for a $ 1.5 trillion center stimulus proposal presented by a non-partisan group of members of the House, called the problem-solving caucus, and asking Republicans to price theirs $ 300 billion proposal increase.
"I agree with a lot," said the president last in a press conference when he was asked about the proposal. "I think the things that I disagree with can probably be negotiated. But I think we've made some progress over the last week."
The proposal includes aid for small businesses and schools, a second round of stimulus measures, an increase in additional unemployment benefits and electoral allowances. Pelosi - who previously said the $ 1.5 trillion proposal is not enough - welcomed the president's remarks on raising the price of the next bailout package, but has not since commented on whether she will support the compromise proposal.
"The chances of a deal are already slim," Sarah Binder, professor of political science at George Washington University and senior fellow at the Brookings Institute, told Yahoo Money. "There's no sign that the president is working to convince Senate Republicans to approve a deal that includes his demand for more cash payments or Mnuchin's support for a package close to $ 1.5 trillion . "
Yahoo Money's sister site, Cashay, has a weekly newsletter.
Denitsa is a writer for Yahoo Finance and Cashay, a new personal finance website. Follow her on Twitter @denitsa_tsekova.
Continue reading:
Stock market highs, booming real estate, and millions of unemployed: A story of two Americas amid the coronavirus pandemic
Coronavirus stimulus: The wave of US states has run out of additional unemployment benefits as negotiations stall
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