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12 May 2020 ( 211 views )
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Pelosi reportedly drafting $750B bill to aid states without bipartisan consultation

According to a new report from the Wall Street Journal, House Speaker Nancy Pelosi is drafting a multi-trillion dollar coronavirus package that includes $750 billion for states and local governments.

Republicans are reportedly not taking part in the drafting of this package.

“Bipartisan meetings, which have driven previous aid bills toward passage, are on pause,” reports the Wall Street journal “Larry Kudlow, a top economic adviser to Mr. Trump, said Friday that formal negotiations over the next coronavirus relief package wouldn’t resume until late May or early June.”

“We’ve really not been invited into those discussions yet,” Rep. Greg Walden,  R-Ore., said.

Fox News reports House Speaker Nancy Pelosi is reportedly drafting legislation that would assist states and local governments that have seen their economy contract amid the coronavirus pandemic, but any new bill is expected to face resistance from Republicans who’ve said they have been largely left out of negotiations.

The Wall Street Journal reported Sunday that the legislation may be completed this week and inject more than $750 billion into state and local governments’ coffers. The report pointed out that House Democrats have not engaged with the GOP-controlled Senate and Republican representatives.

Rep. Greg Walden, R-Ore., said, “We’ve really not been invited into those discussions yet.”

Another 3.2 million U.S. workers applied for jobless benefits last week, bringing the total over the last seven weeks to 33.5 million.

Axios reported that President Trump has said he is “in no rush” to negotiate a new deal.

Treasury Secretary Steven Mnuchin seemed to echo Trump’s approach to any new bill. Mnuchin, who was on Fox News Sunday, said he would like to spend a few weeks discussing the next steps.

“What the president and I are now saying is we’ve spent a lot of money, a lot of this money is not even into the economy yet, ” Mnuchin said, adding, “we just want to make sure that before we jump back in and spend another few trillion of taxpayers’ money that we do it carefully.”

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