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Mitch McConnell announces vote on narrow stimulus measure as deal remains elusive

Mitch McConnell announces vote on narrow stimulus measure as deal remains elusive

President Trump, meanwhile, on Tuesday urged Congress to vote on a much more substantive package than what McConnell prepared to offer.

“STIMULUS! Go big or go home!!!” Trump wrote on Twitter.

McConnell’s decision comes after many Senate Republicans rejected the White House’s $1.8 trillion stimulus proposal as too large and contrary to longstanding conservative policy. With an agreement with Democrats proving elusive, Trump’s top aides again pivoted over the weekend to embrace the kind of more modest proposal McConnell will take up next week.

“Our first order of business will be voting again on targeted relief for American workers, including new funding for the PPP,” McConnell said in a statement. “The American people need Democrats to stop blocking bipartisan funding and let us replenish the PPP before more Americans lose their jobs needlessly.”

Pelosi reiterated her objections to the White House proposal on Tuesday, telling House Democrats in a letter that it falls “significantly short of what this pandemic and deep recession demand.”

White House officials have pointed to significant concessions in negotiations on providing funding for childcare, rural broadband, and funding for state and local governments, among other measures, but Pelosi panned the administration’s latest offer as “one step forward, two steps back” in part because it excluded House Democrats’ national testing and tracing strategy.

The White House’s messaging on economic relief plans has become muddied in recent days. Treasury Secretary Steven Mnuchin and chief of staff Mark Meadows have recently said Congress should at least approve a smaller-scale deal, similar to what McConnell appears to now be pursuing. But Trump has consistently called for a giant package, saying last week that he wanted more new spending than even the $2.2 trillion package that Democrats had sought so far.

Still, a Senate vote on a targeted relief package could

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Mitch McConnell says stimulus package ‘unlikely in the next 3 weeks’

Mitch McConnell says stimulus package ‘unlikely in the next 3 weeks’

  • Senate Majority Leader Mitch McConnell said a coronavirus aid package was “unlikely in the next three weeks” in the run-up to the election.
  • “We do need another rescue package. But the proximity to the election and the differences of opinion about what is needed at this particular juncture are pretty vast,” he said at a Kentucky event.
  • Any deal between the White House and Democrats faces an uphill battle to gain Senate GOP support.
  • Many Republican senators have voiced concern over the swelling budget deficit, which stands at $3.1 trillion.
  • Visit Business Insider’s homepage for more stories.

Senate Majority Leader Mitch McConnell said on Friday the passage of an economic stimulus package was improbable in the next few weeks before the election.

“I think the murkiness is a result of the proximity to the election, and everybody kind of trying to elbow for political advantage” he said during a campaign event in Shepherdsville, Kentucky. “I’d like to see us rise above that … but I think that’s unlikely in the next three weeks.”

But McConnell said another federal aid bill was needed.

“We do need another rescue package,” he said. “But the proximity to the election and the differences of opinion about what is needed at this particular juncture are pretty vast.”

The remarks reflect the difficulty a stimulus deal struck between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi faces. President Donald Trump abruptly halted negotiations on a bill on Tuesday, and appeared to restart them only two days later. He called for another round of stimulus checks and aid to airlines and small businesses on Thursday.

Trump on Friday called to “go big” in another coronavirus relief package. 

“Covid Relief Negotiations are moving along,” he wrote in a tweet. “Go Big!”

Read more: This Andreessen Horowitz-backed

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Overnight Health Care: Regeneron asks for emergency authorization of coronavirus treatment Trump received | McConnell says he hasn’t visited White House in two months due to coronavirus

Overnight Health Care: Regeneron asks for emergency authorization of coronavirus treatment Trump received | McConnell says he hasn’t visited White House in two months due to coronavirus

Welcome to Thursday’s Overnight Health Care.



Donald Trump wearing a suit and tie: Overnight Health Care: Regeneron asks for emergency authorization of coronavirus treatment Trump received | McConnell says he hasn't visited White House in two months due to coronavirus | Employer-sponsored health insurance premiums rise 4 percent


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Overnight Health Care: Regeneron asks for emergency authorization of coronavirus treatment Trump received | McConnell says he hasn’t visited White House in two months due to coronavirus | Employer-sponsored health insurance premiums rise 4 percent

Regeneron filed for emergency authorization of its antibody COVID-19 treatment drug, just hours after President Trump claimed it basically cured him. Mitch McConnell hasn’t been to the White House in months, and a new analysis shows Americans’ job-based health care is continually getting more expensive.

We’ll start with Regeneron:

Regeneron asks for emergency authorization of coronavirus treatment Trump received

Biotech company Regeneron late Wednesday applied for emergency authorization for an experimental antibody treatment praised by President Trump.

“Subsequent to our discussions with regulatory authorities, we have submitted a request to the U.S. Food and Drug Administration for an Emergency Use Authorization (EUA) for our REGN-COV2 investigational antibody combination for COVID-19,” the company said in a news release.

The move came just hours after the president praised the efficacy of the treatment in a short video message posted on Twitter.

“They gave me Regeneron, it’s called Regeneron,” Trump said in the five-minute video Wednesday afternoon. “It was unbelievable. I felt good immediately. I felt as good three days ago as I do now.”

Why it matters: Trump was taking several drugs for his illness, so it’s not clear which helped him feel better. He claimed he has the “emergency use authorization all set,” but the FDA is supposed to make decisions based on science and not demands from the president. Regeneron’s drug is still undergoing clinical trials, and while early results seem promising, the company has not released data to back up its claims.

Read more here.

McConnell says he hasn’t visited White

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