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Senate to vote on $500 billion GOP coronavirus stimulus bill Wednesday

Senate Majority Leader Mitch McConnell (R-KY) walks to his office on Capitol Hill in Washington, September 10, 2020.

Joshua Roberts|Reuters

The Senate will vote on a $500 billion coronavirus stimulus bill on Wednesday, Senate Majority Leader Mitch McConnell said Saturday, as a bigger bipartisan offer stays elusive despite continued talks in between top Democrats and the Trump administration.McConnell blamed his challengers throughout the political aisle for the current stalemate, arguing that the Senate has enough time to pass the GOP stimulus plan and confirm Supreme Court candidate Amy Coney Barret if”Democrats do not obstruct this legislation. “”Nobody thinks this $500B+proposal would resolve every issue permanently, “McConnell stated in a declaration on Saturday.” It would deliver substantial quantities of additional help to employees and families today while Washington keeps arguing over the rest.”Democrats have actually implicated McConnell of pushing ahead with Barrett’s verification instead of focusing on passing stimulus legislation. Democrats blocked a$500 billion Republican strategy in the Senate last month and will likely dismiss the latest GOP proposition as insufficient.The possibilities of Congress passing brand-new aid before the Nov. 3 presidential election have dimmed as the Senate GOP plan is more limited than what the Trump administration or Democrats have proposed.The GOP expense will include funding for schools, broadened welfare and a 2nd round of the Paycheck Security Program, McConnell stated. The Senate will vote on the costs a day after a standalone vote on more PPP funds on Tuesday.Earlier this month, Treasury Secretary Steven Mnuchin provided Home Speaker Nancy Pelosi a$ 1.8 trillion stimulus offer, about$400 billion less than the costs proposed by Home Democrats previously this month.Pelosi, whose party passed a$2.2 trillion relief expense in the House, dismissed the White House proposal and said it”totaled up to one step forward, two actions back.”Senate Republicans, on the other hand, oppose the White Home package as too large.Pelosi and Mnuchin continued their negotiations today, though they were not ableto reach an arrangement. Both sides identified the talks as efficient however stated major differences remain.Congress hasn’t pushed through new relief legislation in months as the coronavirus aggravates across the U.S. and millions of Americans stay out of work.

— CNBC’s Jacob Pramuk contributed reporting

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