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Politics McConnell says Republicans 'getting close' to a GOP deal on $1 trillion stimulus ahead of talks with Democrats

00:25  19 march  2020
00:25  19 march  2020 Source:   cnn.com

Stimulus plan hinges on McConnell, Schumer repairing toxic relationship

  Stimulus plan hinges on McConnell, Schumer repairing toxic relationship The next stimulus deal will require extensive negotiations between Senate Majority Leader Mitch McConnell and Democratic Leader Charles Schumer.GOP leaders are zeroing in on a massive economic stimulus package that's agreeable to Senate Republicans as a whole, but talks with Democrats are just getting started. That means work on the bill will spill over into next week.

McConnell has tasked groups of senators to come together on an economic stimulus plan in line with what Mnuchin is proposing, according to GOP sources. The goal: Get Republicans on the same page, then negotiate a bipartisan deal with Democrats . Senate Republicans are trying to see if they can

He said he talked Tuesday morning with House Speaker Nancy Pelosi and he met with Republican senators at the Capitol later. Earlier Tuesday, Trump said , “I think we’re going to do something that gets money to them as quickly as possible.” The president said he still favored a payroll tax holiday

Senate Republicans are racing to reach a GOP deal on a massive $1 trillion economic stimulus as the coronavirus crisis intensifies, despite facing criticism from Democrats who warn that efforts to swiftly pass a stimulus could be derailed if they are not included in negotiations now.

Mitch McConnell wearing a suit and tie: Senate Majority Leader Mitch McConnell (R-KY) walks to the Senate floor for the start of impeachment trial proceedings at the U.S. Capitol on January 21, 2020 in Washington, DC. The Senate impeachment trial of U.S. President Donald Trump resumes on Tuesday © Drew Angerer/Getty Images Senate Majority Leader Mitch McConnell (R-KY) walks to the Senate floor for the start of impeachment trial proceedings at the U.S. Capitol on January 21, 2020 in Washington, DC. The Senate impeachment trial of U.S. President Donald Trump resumes on Tuesday

Senate Majority Leader Mitch McConnell on Wednesday said Republicans are "getting close" to a deal and has outlined a plan that would involve Republicans coming to an agreement before going to Democrats in an attempt to forge a bipartisan consensus.

Exclusive: McConnell defends crafting $1 trillion stimulus plan without Democrats

  Exclusive: McConnell defends crafting $1 trillion stimulus plan without Democrats Senate Majority Leader Mitch McConnell said bipartisan negotiations were skipped in favor of speed. "Actually, it's speeding it up. We just passed yesterday a bill, it was written in the Democratic House of Representatives," McConnell told CNN's Dana Bash in an interview."The Republicans are in the majority in the Senate. We wanted to put forward our proposal. We feel like we have an obligation to do that as a majority and the Democrats, of course, need to be given an opportunity to react to it and that all begins tomorrow. So don't create controversy where there isn't controversy.

Why not make it a trillion , Trump said . If you want to go big, go big, the president remarked, according to three “We’re talking about an effort to control this virus that requires us to tell businesses to close in order to Republican lawmakers also tossed aside concerns with the bill Pelosi and Mnuchin had

Republican Senator Marco Rubio said McConnell asked senators to get their proposals to him by Thursday morning. The Florida senator said Democrats have been included in They’d need House Speaker Nancy Pelosi on board too, before putting the massive legislation to a vote in both chambers.

The Senate approved a House-passed coronavirus relief package on Wednesday, paving the way for the chamber to devote its full attention to the economic stimulus package that lawmakers are referring to as "phase three" in their response to the pandemic.

But Democrats and Republicans are not yet on the same page, signaling hard-fought negotiations ahead.

Republicans meet over proposal

At a lunch meeting, GOP senators presented their proposals that would comprise the $1 trillion stimulus, and Republicans emerged saying an agreement would be reached internally Wednesday or Thursday.

Negotiators race for a stimulus deal, but 'significant outstanding issues' remain

  Negotiators race for a stimulus deal, but 'significant outstanding issues' remain Negotiations to secure a bipartisan deal on a far-reaching economic stimulus package moved ahead in the Senate on Friday amid dire fallout from the spread of the novel coronavirus, but key lawmakers were signaling that major issues remained unresolved and talks were likely to extend into Saturday. Senate Minority Leader Chuck Schumer said on Friday evening that negotiators "are making progress" but "there are still some significant outstanding issues," adding, "There's so much to do (that) I think tonight is hard.

The $ 1 trillion possibility, Mnuchin said after that actual meeting, would also include "a combination of loans" and "direct checks to individuals." Meanwhile, Senate Majority Leader Mitch McConnell (R-Ky.) said Tuesday he'd bring the House's coronavirus spending package to a vote very soon.

Mnuchin said the fallout actually could be worse than the 2008 financial crisis, according to three people “We’re talking about an effort to control this virus that requires us to tell businesses to close in order to Republican lawmakers also tossed aside concerns with the bill Pelosi and Mnuchin had

"We are getting close," McConnell told reporters. "We are working along and hoping to be together shortly."

At the meeting, the Kentucky Republican told each of the groups of GOP senators tasked with putting together proposals for the stimulus to submit their plans by Thursday morning, according to GOP Sen. Marco Rubio of Florida.

Rubio said his component -- for $300 billion in relief for small businesses - will be done by tonight.

After the lunch, Sen. Shelley Moore Capito of West Virginia said that each of the groups appear to be in agreement about individual proposals.

Once an internal agreement is set, the GOP will begin negotiating with Democrats to see if a bipartisan deal can be reached. But Democrats have their own plans and it is not yet clear how they will be reconciled with Republican proposals.

The rush to put together a GOP deal comes as lawmakers are scrambling to contain the economic and public health fallout from the rapid spread of the coronavirus across the United States.

Sticking points force stimulus package talks to spill into Sunday

  Sticking points force stimulus package talks to spill into Sunday Senate negotiators will return to work on Sunday after failing to reach a bipartisan agreement "in principle" Saturday evening on a massive stimulus package, despite reporting significant areas of agreement. Senate negotiators will return to work on Sunday after failing to reach a bipartisan agreement "in principle" Saturday evening on a massive stimulus package, despite reporting significant areas of agreement.

The Trump administration said on Tuesday that it was proposing a US$ 1 trillion stimulus package to prop up the Mnuchin said he would also be holding talks with the leaders of the Americans need cash now and the president wants to get cash now. And I mean now, in the next two weeks,” he said .

Senate Majority Leader Mitch McConnell said the Senate would vote for an already-passed House On Monday, Sen. Mitt Romney, a Utah Republican , floated a universal basic income-like stimulus of $ 1 President Trump said he wanted to get cash in the hands of Americans immediately at a press

News to stay informed. Advice to stay safe.
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The urgency has led to Republicans expressing support for a staggeringly high funding level, a package that one treasury memo suggests could include a combined $500 billion in checks to Americans to address the economic impact of the coronavirus.

Sen. Ron Johnson, a Wisconsin Republican who has railed against debts and deficits since he became a senator, said he was "encouraged" about what he heard but that there will ultimately be a lot about the plan that he'll "hate."

Sen. Josh Hawley, a Missouri Republican, said he's concerned about bailouts for the airlines but said that he wouldn't characterize what he's hearing as a bailout.

GOP Sen. Todd Young of Indiana said that "We will start to see some details today" from the task forces. He said there is a great sense of "urgency" among all Republicans "to get something to the floor to vote on, to reassure people they will have paychecks."

CNN has obtained a two-page memo from the US Treasury detailing its recommendations for the phase three coronavirus stimulus package. Republican senators are working off of the memo as they draft their own proposal.

Stimulus package latest: GOP senators say stimulus vote unlikely tonight as negotiations continue

  Stimulus package latest: GOP senators say stimulus vote unlikely tonight as negotiations continue Key Republican senators said Monday evening they do not anticipate a vote Monday night on an economic stimulus package to provide relief from the coronavirus crisis, which will only increase pressure on lawmakers to get something done -— and quickly. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); With tensions already running high, lawmakers are expected to continue negotiations to reach a bipartisan deal amid the severe economic fallout and public health crisis caused by the pandemic.

Senate Majority Leader Mitch McConnell (R-Ky.) said Republicans will work out a deal among themselves on That proposal, according to GOP senators, could top $ 1 trillion . Once they are able to do so, McConnell said that would be a "logical time to sit down and make a deal " with Democrats .

Mitch McConnell tells Senate Republicans to "gag and vote" for the coronavirus bill that passed the House, even if they think there He also said they will then craft a "phase three" stimulus measure. Treasury Secretary Steven Mnuchin spoke with Republican senators on Tuesday, proposing a $ 1

The Treasury memo breaks the nearly $1 trillion package down into four main categories, including a category for direct payments to taxpayers split into two rounds of $250 billion each. The memo states that the first round of payments would be issued starting on April 6.

The plan's massive price tag underscores the growing fears in the White House and on Capitol Hill that the coronavirus outbreak could send the economy into a damaging recession -- and that aggressive intervention by Washington is needed immediately to reverse course. Already, lawmakers have pushed two major pieces of legislation to address the growing crisis.

Senate may work through the weekend

McConnell has vowed to keep the Senate in session until a stimulus package is passed.

Two Senate Republican leaders said Wednesday that the Senate won't be able to complete action on the $1 trillion-plus package before next week and will work through the weekend to try to hammer out a deal with Democrats.

Asked if the Senate could pass a bill as early as Thursday -- an ambitious time frame some GOP senators said they hoped to meet -- Republican Sen. John Cornyn of Texas was dubious it could be done that quickly.

"I think it's going to take a little longer than that. I would say early next week. We will get the first bill done today. The President will sign it. And then we'll turn our full attention to the next install," Cornyn said.

Fine Print of Stimulus Bill Contains Special Deals for Industries

  Fine Print of Stimulus Bill Contains Special Deals for Industries WASHINGTON — Restaurants and retailers will get a tweak to federal tax law they have been seeking for more than a year that could save them $15 billion. Community banks are being granted their long-held wish of being freed to reduce the amount of capital they have to hold in reserve. And for-profit colleges will be able to keep federal loan money from students who drop out because of the coronavirus. Tucked into the fine print of the largest bailout in United States history — a $2 trillion federal stimulus package agreed to by congressional leaders and the White House early Wednesday in an effort to reduce the economic devastation of the coronavirus outbreak — are a range

Sen. John Thune of South Dakota, the Republican whip, agreed.

"We're trying to accelerate everything, pull it together quickly. But by the time you get into negotiations with the Democrats, it pushes it through the weekend," Thune said. "We'll see what happens. As you know around here, when there's a sense of urgency things can happen more quickly."

McConnell declined to say if he agreed it would take into next week.

But after the Senate passed phase two of the coronavirus relief efforts, McConnell went to the floor and urged senators not to leave town as negotiations ramp up on phase three.

"I would recommend senators stay around, close. Just how long it will take to get through these steps is unclear but as everyone knows, we are moving rapidly because the situation demands it," McConnell said.

Senate Minority Leader Chuck Schumer criticized the way that Senate Republicans are negotiating their economic package, calling for them to do more to include Democrats.

"Phase three legislation should be the product of a five corners negotiation," the New York Democrat said. "House and Senate leaders, majority and minority, plus the White House."

"The process that Leader McConnell has outlined," Schumer said, "is too cumbersome, too partisan and will take far too long given the urgency and need for cooperation."

This story has been updated with additional developments Wednesday.

Who will get what and when from the $2 trillion relief package .
The $2 trillion relief package is the biggest in American history.The world is battling the COVID-19 outbreak that the World Health Organization declared a global pandemic on March 11.

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