New Stimulus Deal seems to be DOA

Summary of Senate has no deal on the next coronavirus relief bill, but sets up possible Tuesday vote published on CNBC, April 20, 2020.

Key Points:

  • The senate hasn’t reached a deal on the bill in time for Monday’s session

  • Mitch McConnell set up a session for this Tuesday at 4pm to pass legislation for a small business aid program

Congressional Democrats are pushing for an aid package to try and expand on the economy and health-care system that has been damaged by the coronavirus. This deal could include $370 billion in loan programs for small businesses, $75 billion for hospitals, and $25 billion for testing after the $350 billion allocated to a relief program for small firms dried up last week.

Last week, the GOP-held senate tried to pass a bill that would give small businesses $250 billion more in loans that would be forgiven if these companies were to use the money to meet certain conditions on payroll, benefits, rent, and utilities. Democrats blocked that bill. In return, Republicans rejected the Democratic proposal that included funding for hospitals and state/local governments.

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Taylor Weyeneth is Editor-in-Chief at DC Intervention, the former deputy chief of staff to the White House drug policy office and is the managing director of 20K Strategies, a political operations and public policy strategy firm. He is a thought leader for addiction, mental health, and workforce development.

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