Capitol Report: Senate races to strike coronavirus stimulus deal as Mnuchin says it needs to get done ‘today’
Senate lawmakers are racing to finish a massive aid package to help Americans devastated by the coronavirus, as Treasury Secretary Steven Mnuchin said it needed to be completed “today.”
Senate Majority Leader Mitch McConnell scheduled a fresh vote for Monday afternoon. Democrats led by Sen. Chuck Schumer indicated they would not vote to advance the current bill and instead said negotiations with the Trump administration were ongoing.
“We hope and expect to conclude negotiations today,” Schumer said.
Democrats want to add provisions such as expanding unemployment insurance to four months at 100% pay and boost aid to hospitals. Republicans sought to provide $500 billion for the Treasury to make loans or investments to support businesses.
U.S. stocks fell on Monday with the Dow Jones Industrial Average
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