Nancy Pelosi, Democrats unveil $2.2-trillion coronavirus aid Bill

Vote could come later this week on package that faces likely hurdles in GOP-led Senate

Nancy Pelosi. Photo: Bloomberg
In a letter to Democratic lawmakers released by Pelosi's office, she said the legislation “includes new funding needed to avert catastrophe for schools, small businesses, restaurants, performance spaces, airline workers and others”
Eric Beech | Reuters
2 min read Last Updated : Sep 30 2020 | 1:56 AM IST
US House of Representatives Speaker Nancy Pelosi said that Democratic lawmakers unveiled a new, $2.2 trillion coronavirus relief bill, which she said was a compromise measure that reduces the costs of the economic aid.
 
In a letter to Democratic lawmakers released by Pelosi's office, she said the legislation "includes new funding needed to avert catastrophe for schools, small businesses, restaurants, performance spaces, airline workers and others." “Democrats are making good on our promise to compromise with this updated bill," she said. "We have been able to make critical additions and reduce the cost of the bill by shortening the time covered for now.” A vote is possible later this week, according to multiple Democratic aides, The Wall Street Journal reported.
 
Pelosi in recent days has said she thinks a deal can be reached with the White House on a new coronavirus relief package and that talks were continuing. But she also said that she would offer legislation if the impasse continued with the Trump administration over the size and shape of another relief package.
 
Formal talks among Pelosi, Senate Democratic leader Chuck Schumer, Mnuchin and White House Chief of Staff Mark Meadows aimed at hammering out a relief package broke down on August 7 with the two sides far apart.
 
Pelosi and Mnuchin spoke by phone on Sunday and again on Monday. new proposal included $436 billion for state and local governments, as well as money for education, testing, airline industry workers.


One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Nancy PelosiUS Democratic memo

Next Story