Americans hoping for another round of stimulus checks may have to wait a little longer.
National lawmakers say a new coronavirus financial relief package is unlikely before election day.
A “scaled down” stimulus package backed by Senate Republicans was blocked earlier this week, according to a Newsweek report. The legislation was opposed by Democratic leadership.
As political factions turn their attention to election day, set for Tuesday, Nov. 3, few in Washington believe an agreement is near. Florida Senator Marco Rubio expressed frustration in a video posted to Twitter on Thursday.
“When facing any great trial, one of the most important things for those in positions of leadership to do is to tell people the truth about the challenge that’s before us, no matter how hard it is to deliver that truth,” Rubio says in the video. “Congress is not going to pass another relief bill before the election.”
The defeated proposal would have put around $300 billion into an economy suffering at the hands of the coronavirus. The proposal was defeated 52-47, failing to reach the 60 votes needed to proceed to a final vote.
Democratic leaders have been critical of their republican counterparts regarding a new stimulus package. They’re hope is that their GOP colleagues will return to the negotiating table to put a deal together soon.
Trump supports additional stimulus
President Donald Trump voiced his support for additional financial relief earlier this week.
“We have $300 billion in an account that we didn’t use,” Trump told Forbes. “I would be willing to release it, subject to Congress, and use that as stimulus money and it would go right to the American people.”
Senate Minority Leader Chuck Schumer described Thursday’s vote as “pointless.” The New York Democrat said the bill was filled with “poison pills” and “designed to fail.”
“The truth is this emaciated bill is not a serious attempt at legislation or solving the real problems in our country. It’s a shame,” he said. “It is one of the most cynical moves I’ve seen, a fairly transparent attempt to show that the Republicans are doing something when in fact they want to do nothing in reality.”
The proposed legislation would provide money for additional small-business loans under the Paycheck Protection Program, testing and tracing, vaccines, schools, the U.S. Postal Service, enhanced unemployment benefits of $300 per week and legal liability protection.
For now, it doesn’t appear a relief package is near.