Members of Congress and the Trump admin ARE working on ANOTHER bill, worried that the Phase III $2 Billion money isn’t gonna enough to restart the economy when things get ready to start up in a few months…
US Senate Majority leader McConnell was reluctant on this…
But Trump wants it so it’s gonna be done…
Trump has signaled support for some of the ideas that Democrats back, such as expanded help for small-business owners and new bailout checks for households. Republican leaders, meanwhile, have also called for more corporate aid and money to boost the overwhelmed health-care system.
The rushed effort comes as the economy’s fortunes appear tethered to political decisions in Washington. A surge of demand for new Small Business Administration loans has completely overwhelmed the agency’s system, but the Dow Jones industrial average rose 1,627 points, or 7.7 percent, on Monday amid some Wall Street optimism that the pandemic’s domestic spread could be slowing.
Although there is some overlap in the political ideas, significant differences remain, and it’s unclear if the sides will be able to reach a deal in the coming weeks.
Democrats are pushing for wider-ranging relief measures to help hospitals, health-care workers, farmers, first responders and education programs, among other things. A group of House Democrats led by Rep. Joe Neguse (Colo.) plans to roll out a proposal for $250 billion to assist smaller cities and communities they say have been shortchanged on assistance so far. A number of congressional Republicans have demanded an expansion of a new $349 billion small-business loan program, and Trump has also said that initiative needs more money….