U.S. House of Representatives Speaker Nancy Pelosi said on Monday that Democratic lawmakers unveiled a new, $2.2 trillion coronavirus relief bill, which she said was a compromise measure that reduces the costs of the economic aid.
Pelosi’s office in a letter to Democratic lawmakers said that the legislation “includes new funding needed to avert catastrophe for schools, small businesses, restaurants, performance spaces, airline workers and others.
She said that Democrats are making good on our promise to compromise with this updated bill and we have also been able to make critical additions and lower the cost of the bill by reducing the time covered for now.
Recently, Pelosi said that she thinks a deal can be reached with the White House on a new coronavirus relief package and that talks were continuing. However, she would also offer legislation if the impasse continued with the Trump administration over the size and shape of another relief package.
She didn’t say when there would be a vote on the latest Democratic proposal.’
Formal talks among Pelosi, Senate Democratic leader Mnuchin, Chuck Schumer, and White House Chief of Staff Mark Meadows aimed at hammering out a relief package broke down on Aug. 7 with the two sides far apart.
Pelosi spoke to Mnuchin telephonically on Monday and also planning to speak again on Tuesday morning, her spokesman said.
Pelosi and Schumer initially sought a $3.4 trillion relief package, then said some time ago they were willing to scale that back by at least a trillion dollars.
But it was not clear whether the White House would consider the $2.2 trillion sum proposed in the new legislation. Meadows has said that Trump would be willing to sign a $1.3 trillion relief package.
Pelosi is also under pressure of moderate House Democrats who want to see bipartisan aid proposals that have a chance of becoming law.
The new proposal included $436 billion for state and local governments, as well as money for education, testing, airline industry workers, and for a small business loan program is known as the Paycheck Protection Program, a statement from House Democrats said.
It would also provide a new round of direct payments to Americans of $1,200 per taxpayer and restore federal unemployment benefits of $600 a week through January.