Latest Coronavirus Relief Bill Rejected

Pressure is mounting for leaders in Washington DC to come to an agreement on a coronavirus stimulus package, which has experienced fits and starts for the past several months to no avail. Senate Majority Leader, Mitch McConnell, is promoting a new relief bill in a final effort to shore up the crumbling economy before the end of the year. Some Republican representatives, along with Democrats, are pushing for their own vision of stimulus relief.

McConnell has been meeting with Treasury Secretary Stephen Mnuchin, House Minority Leader Kevin McCarthy and White House Chief of Staff Mark Meadows for the past several days trying to get a clear sense of what exactly President Trump is willing to sign off on as his outgoing term of office nears its final days.

McConnell has drafted new legislation based upon those private discussions. Democrats have responded by counter-offering their outline of stimulus relief in an effort to reignite talks between both sides of the aisle. The recent activity is an indication that both parties are facing increased pressure to finalize a response to the economic fallout of the pandemic. Lawmakers are in a race against time to get the job done prior to a new Congress being instated next month.