Top Republicans have indicated this week there will be no quick move on stimulus checks being sent out to tens of millions of Americans in the wake of the CCP virus pandemic.
Meanwhile, Senate Majority Leader Mitch McConnell (R-Ky.) said last week that the next round of stimulus legislation will most likely be the last, while saying that $600 extra per month in unemployment insurance won’t be provided.
McConnell told reporters that the “fourth and final” bill will be proposed in “about one month,” coming as unemployment numbers have surged following business closures intended to stop the spread of COVID-19.
The Republican leader said the measure would focus on jobs and schools as well as for small businesses and health care. However, he said GOP lawmakers won’t consider an additional $600 per week for unemployment insurance.
McConnell, like other Republicans and officials in the White House, said Congress needs more time to assess the economic damage done by the pandemic and whether the United States can recover.
“We need to push the pause button here and think through the next step and do it very carefully,” he said. “We do have the potential long-term health of the country with this level of massive debt.”
Treasury Secretary Steven Mnuchin last month said that there is a likelihood that the United States will need another stimulus bill.
“I think there is a strong likelihood we will need another bill, but we just have $3 trillion we’re pumping into the economy,” he told The Hill. “We’re going to step back for a few weeks and think very clearly how we need to spend more money.”
Republicans have also expressed an unwillingness to support the Democrat-passed HEROES Act, which would give $1,200 to eligible Americans, saying there were too many unneeded provisions in the bill.