SENATE Majority Leader Mitch McConnell said American’s can expect a new coronavirus stimulus bill at the beginning of 2021 and not immediately following the election like President Donald Trump said.
On Friday, McConnell insisted a new relief bill we be needed “at the beginning of the year” and claimed it will be “more modest” than House Speaker Nancy Pelosi's $3trillion proposal.
“We probably need to do another package, certainly more modest than the $3trillion dollar Nancy Pelosi package,” McConnell told Hugh Hewitt’s radio show.
“I think that’ll be something we’ll need to do right at the beginning of the year.”
McConnell’s statement contradicts that of President Trump’s view on when to expect the next stimulus package - vowing on Friday to deliver a “tremendous stimulus package immediately after the election.”
According to McConnell, Congress needs to make a “careful, calculated decision about what more to do to deal with this coronavirus.
“We’re throwing money at the search for a vaccine, which is the wise thing to do,” he said.
According to the Majority Leader, the legislation will target “small businesses that are struggling and hospitals that are now dealing with a second wave of coronavirus, and of course challenges for education."
As the US economy slowly tries to bounce back due to the statewide lockdown orders as a result of Covid-19 and as financial assistance apart of the CARES Act is set to end on Dec. 31 – the decision could be detrimental for struggling Americans.
On the other hand, Pelosi said she expects Congress “certainly will have something (done) at the start of the new presidency,” she told MSNBC.
“We don’t want to have to wait that long, because people have needs,” the House Speaker added.
However, the Pelosi said she is “still hopeful” that the Democrats can come to an agreement on the stimulus bill with the Trump administration, though noting there are still large areas of disagreement.
“So we have a major difference of opinion. I was hoping that we could reconcile them. I still am hopeful that we will,” she told the news station.
The disagreement between both sides comes from aid allocated toward schools, unemployment benefits and state and local government funding.
President Trump continues to insist Pelosi is "only interested in bailing out badly run, crime-ridden Democrat cities and state" and said the speaker is “not interested in helping the people."
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McConnell's decision to not pass a bill in the lame-duck session is something he as majority leader can control in his chamber until January – even if Republicans lose majority control in next week’s election.
On Thursday, Treasury Security Steve Mnuchin blasted Pelosi saying the speaker is refusing to compromise to get much-needed aid to Americans.
‘Your ALL OR NONE approach is hurting hard-working Americans who need help NOW,” Mnuchin said in a statement.