Senate Majority Leader Mitch McConnell announced Saturday that House, Senate, and White House officials are making “important progress” on a major economic relief bill and pledged a Monday vote to pass it.
“An agreement has yet to be finalized, but our committee chairs, their Democratic counterparts and President Trump’s representatives are making important progress,” McConnell, a Kentucky Republican, said Saturday.
The Senate will hold a procedural vote on the package on Sunday, McConnell said, “And then, on Monday, the Senate will vote on final passage.”
Congress is moving rapidly to clear what is likely to be the largest federal economic relief package in history.
Negotiators are working on a package that is likely to top $2 trillion, including $700 billion in loan guarantees that companies must pay back.
Democratic lawmakers appear to be successfully fighting for their own wish list.
Senate Minority Leader Chuck Schumer, a New York Democrat, said Saturday he is working with Republicans and Treasury Secretary Steve Mnuchin and that “we are making very good progress.”
Democrats want expanded unemployment insurance that would reimburse workers at their current pay for up to six months, expand paid sick leave, and add “a massive infusion of resources to our hospitals, medical facilities, our other public health infrastructure,” Schumer said.
