Amid Stimulus Impasse, Bipartisan Group Offers $1.5 Trillion Compromise – The New York Times

Thanks! Share it with your friends!

Close

The coalition proposing the measure is led by Representatives Josh Gottheimer, Democrat of New Jersey, and Tom Reed, Republican of New York. In unveiling it, the group is seeking to send a signal to Speaker Nancy Pelosi and the lead White House negotiators — Mark Meadows, the chief of staff, and Steven Mnuchin, the Treasury secretary — that there is ample common ground to be found in talks that have been dormant for weeks.

But reviving the talks is a tall order. Negotiations all but broke down in August after a brief but intense round of discussions between Democrats and White House officials to reconcile vast differences in priorities and cost, principally over money for states and those out of work. The primary negotiators have all but given up on passing something into law before the election, and are now focused on agreeing to a stopgap spending measure to keep the government funded through the fall.

In the meantime, millions of jobless Americans are beginning to exhaust traditional unemployment aid that has kept them afloat and stimulated the economy, and many small businesses, including restaurants, have been left to contend with a steep drop in revenue and coming cold weather on their own.

Members of the Problem Solvers Caucus, which is composed of moderate members and has few significant policy achievements to its name, set out to draft their own proposal in early August as they, like most other lawmakers in the House, were frozen out of the talks.

In addition to Mr. Gottheimer and Mr. Reed, Representatives Dean Phillips, Democrat of Minnesota, and Dusty Johnson, Republican of South Dakota, helped write the framework, which took about six weeks to draft.

Source Article from https://www.nytimes.com/2020/09/15/us/politics/bipartisan-stimulus-bill.html

Comments

Write a comment