Home / World / White House Eyes $1 Trillion for Next COVID-19 Relief Bill.
White House eyes US$1 trln for next COVID-19 relief bill

White House Eyes $1 Trillion for Next COVID-19 Relief Bill.

WASHINGTON – The White House expects the next COVID-19 aid bill to cost around $1 trillion and wants Congress to pass the legislation in the first week of August, a senior aide to the U.S. vice president Mike Pence said Wednesday.
“A big boost has been put into the system during the last two bills, so the price for us would be that,” Marc Short, Pence’s chief of staff, said in an interview with Bloomberg Radio.
“I think we want to make sure that people who are still unemployed or suffering are protected, but at the same time, we want to take into account the fact that the economy is recovering and we want to try to contain the amount of spending,” he said.
The United States Congress has provided approximately $2.9 trillion in fiscal support to households, businesses, healthcare providers, and state and local governments to mitigate the economic impact resulting from the pandemic.
But the resurgence of COVID-19 cases across the country threatens to derail the nascent economic recovery, as many states have paused or partially reversed their reopens in stages.
U.S. lawmakers are expected to formally negotiate a fifth COVID-19 relief bill once they return to Washington after a two-week break on July 20, according to local media.
Senate Majority Leader Mitch McConnell, a Republican from Kentucky, said Monday that he believed a fifth bill would be necessary and would introduce legislation in a few weeks.
“If you are looking for what I think would focus on the theme of the next package that I will probably launch here in a few weeks: accountability reform, kids in school, jobs and healthcare, that’s the approach; I think it should be,” McConnell said.
The House of Representatives in May approved a new $ 3 trillion coronavirus relief package, but it was proposed by Democrats and was unlikely to get approval from the Republican-controlled Senate.
More than 100 economists last month urged the United States Congress to immediately pass a “multi-faceted aid bill of a magnitude commensurate with the challenges facing our economy” as the consequences of COVID-19 continue to plague the country.
“If Congress fails to act, state and local governments face potentially disastrous budget deficits, and the Congressional Budget Office estimates that the unemployment rate will likely be more than 11 percent by the end of the year,” they warned.
They added “insufficiently bold Congressional policy responses to the Great Recession” after the 2008 financial crisis unnecessarily prolonged suffering and slowed economic growth.
(Sahar News Monitoring Desk)

Check Also

Ban Ki-moon urges world to resist unilateralism in post-pandemic global governance

Ban Ki-Moon Urges World to Resist Unilateralism in Post-Pandemic Global Governance

SEOUL, South Korea – Former UN Secretary-General Ban Ki-moon said on Monday at a post-pandemic …

Leave a Reply

Your email address will not be published. Required fields are marked *

8182399730 Romantix adult store Backpage st. Joseph
Russian escort houston Capital massage sterling va Rubmaps oakland
Bunnyestrada instagram Minneapolis massage parlours Transgender dates in orlando backpage Liverub manhattan
Backpage of charlotte nc Escort radar detector parts
Sexy women blowjob Backpage akron canton ohio Las vegas backpage classifieds
Cougar escorts los angeles Cairns escorts
2439 bay area blvd Transexuales de dallas Massage sex tumblr
???? Sensual massage outcall Winnipeg strip clubs Sex toy stores in san antonio
Columbia.backpage.com Flying j truck stop albuquerque nm Massage parlor dallas tx Sweetshelly269
Palm springs adultlook escorts Strip club ventura ca
Diamond greek goddess escort Sioux falls adult store Ruby backpage
Cityxguidetexarkanatexas Escort max ii platinum radar detector
Tantric massage in chicago Escort in the bay area
Asian escort montreal Dallas asian massage parlor Adult theaters fun .com
Massage backpage com Xdreams2 Escort girl montreal
Sex massage movies Backpage miami fl My red book fresno
Albquerque escorts Black pashion bbw Escort nanjing
Carrollton tx escorts Ts escort long beach
Gay male massage portland 4079172715 Backpage daly city
Escorts in dallas texas Escorts in sofld mass. South maui fish company Shemales in st louis
Kokomo in escorts Prince of peace muskegon mi
Strip clubs in kennesaw Sexy gentleman Leilanili
Strip clubs tucson az New orleans transexuals Shemails com Escort srx
4049903007 Lets see some pussy List crawler escorts
Castle sex toy Backpages philly Busan backpage College girls massage turns into girl girl sex anal,licking,fingering
Olitaescort.com Hello rocklin massage 253 broadway chula vista ca 91910
Premier spa carol stream Mature massage los angeles
Masajes para adultos en dallas tx Escorts in southgate Flamingo massage Hilton kc
Escort estonia Female escort portland maine
Spartanburg sc backpage Adult massage montreal Shemales london Relaxing sensual massage