(NewsReady.com) – With the Phase 3 stimulus bill being rolled out and Phase 4 under consideration, some Congressmen feel more needs to be done. That’s why House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) are calling for a Phase 3.5 bill, or an “interim” stimulus package. The new funding bill, meant to help hold America over until Phase 4 is complete, is to the tune of over $500 billion.
House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer are calling for a $500 billion emergency coronavirus relief bill that includes billions for hospitals and community health centers and $150 billion for state and local governments. https://t.co/IjNiYLMFfX
— NPR Politics (@nprpolitics) April 8, 2020
Currently, the Phase 4 package is estimated to reach around $2 trillion.
The interim bill proposed by the Democrat duo would contain:
- $100 billion for hospitals and community health centers
- $150 billion for state and local governments
- $250 billion in small business assistance
- Increase Supplemental Nutrition Assistance Program (SNAP) benefits by 15%
The Senate, which is supposed to be on break until April 20, is set to meet and vote on Thursday to discuss another bill to help small businesses. Both congressional chambers would need to reach a compromise before the vote.
Majority Leader Mitch McConnell is warning lawmakers about holding the bill meant to help business owners “hostage” when Americans need help. At the moment, it’s uncertain whether Pelosi’s and Schumer’s interim bill will pass while another measure is already under consideration.
~Daily News for Busy People!
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