Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Democrats vow to push ahead on Biden's coronavirus aid plan next week

Published 01/28/2021, 09:37 AM
Updated 01/28/2021, 05:21 PM
© Reuters. People wait in line for donations outside a food distribution facility in the Harlem section of the Manhattan borough of New York

By Richard Cowan and Makini Brice

WASHINGTON (Reuters) - The U.S. Senate and House of Representatives will move next week on President Joe Biden's plan to deliver a fresh infusion of COVID-19 relief to Americans and businesses reeling from the pandemic, top Democrats said on Thursday.

Senate Majority Leader Chuck Schumer said his narrowly divided chamber would begin work on a "robust" coronavirus package as early as next week, while House Speaker Nancy Pelosi predicted that Congress would complete a key preliminary step before the end of next week.

The move reflects Democrats' desire to use their newfound Senate control to help Biden move quickly on his top policy priority before the Senate turns to the impeachment trial of former President Donald Trump later next month.

Biden has made ramping up the response to the COVID-19 pandemic, which has killed nearly 430,000 people in the United States and thrown millions out of work, a major focus of his early days in office. But Republicans and some Democrats have balked at the $1.9 trillion cost of his proposal, which is on top of $4 trillion in aid approved by Congress last year.

Lawmakers said bipartisan talks on the plan are continuing.

"The Senate, as early as next week, will begin the process of considering a very strong COVID relief bill," Schumer said on the floor of the chamber.

"We need recovery and rescue quickly. Everywhere you look alarm bells are ringing," he added, saying Democrats would proceed even if Republicans are not on board.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Schumer did not offer any hard details about the bill that he intends to advance.

Pelosi told a news conference that the House would vote on a budget resolution required for a parliamentary procedure called reconciliation, which would allow Democrats to pass much of Biden's proposal by a simple majority in the Senate, even without Republican support. Vice President Kamala Harris wields the 50-50 Senate's tie-breaking vote.

"By the end of (next) week, we'll be finished with the budget resolution, which will be about reconciliation, if needed," Pelosi said.

Democrats say they hope to find enough Republican support to meet the Senate's 60-vote threshold for passage. But they are getting ready to use reconciliation in case bipartisanship falls short.

Senate Republicans said reconciliation would belie the unifying message that Biden articulated during his inaugural address last week.

"That's going to send a signal to America and to Republicans throughout Congress, that this president's message of unity was rhetoric as opposed to substance," said Senator Todd Young, an Indiana Republican.

White House spokeswoman Jen Psaki rejected that argument, saying that Republicans had the option of voting for or against a reconciliation bill.

NO PIECEMEAL APPROACH

Senate misgivings over the size of Biden's proposal stirred speculation that the White House could use a two-pronged strategy, starting with a bill small enough to attract Republican support that would then be followed by a larger reconciliation bill.

But senior White House officials on Thursday shot down that idea.

"The needs of the American people aren't partial; we can't do this piecemeal," White House economic adviser Brian Deese, who has been involved in talks with a bipartisan group of lawmakers in the Senate and House, said on Twitter.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Deese later spoke about the COVID-19 relief effort during a Senate Democratic policy lunch.

"We have to do it all together. It all fits together," Democratic Senator Richard Blumenthal told reporters after the lunch. "That's the general feeling in the caucus."

Biden and his allies in Congress are also under pressure from the progressive wing of the Democratic Party.

Representative Pramila Jayapal, who chairs the left-leaning Congressional Progressive (NYSE:PGR) Caucus, told Politico in an online interview that $1.9 trillion should be the floor for COVID-19 relief spending, not a ceiling.

Her caucus, which represents more than 90 of the House's 221 Democrats, wants the package to include a minimum wage hike to $15 an hour, a path to citizenship for essential workers who are immigrants and auto-enrollment in public health insurance plans for the uninsured.

"We should think of this in terms of the needs of people, not in terms of the dollar amounts," Jayapal said.

She and other Democratic lawmakers including Representative Ilhan Omar have called for recurring payments to U.S. households instead of the one-time $1,400 check the Biden administration has included in its proposal.

Latest comments

No democracy after robinhood scandal!
It is not greedy normal Ameticans but stupid people in power. The last bill of 0.9 trillion have nothing much to do with Covid relief. It had all the pork in the bill. Just imagine the population in US is only 300 millions people and i gave each a million to spend, the economy will be in recovery and gave change of 870 billions left over. Now MK where are we getting our money from? Out of our children and grand children future. That is hie disgusting it is.
Biden all talks b.s just like Trump. If he cares he could have a 1.4k check to america alone. That will pass in a heart beat. He includes that into his 1 ‘pork ladden’ bill.
What good is a 14 hundred check when NY’ers have to pay state tax for it, then get taxed federally without deducting the state tax(which is double taxation btw) and then have to hope that the rest of the money from that one check holds them through statewide layoffs because a lot of states like NY don’t have enough money to pay for essential workers, vaccine distribution, etc.
Double taxation is paying two different taxes on the same income to the same taxer. Paying taxes on income to two different taxers is normal.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.