Plan to Fund Coronavirus Rescue Package Still Stuck in Congress

Republicans Will Only Allow $500B in Coronavirus Relief

U.S. Senate Majority Leader Mitch McConnell signaled on Tuesday that he would refuse to allow Congress to spend more than $500 billion to tackle the economic fallout caused by the coronavirus pandemic. Speaking at a press conference in Washington, McConnell said that he was “open to a targeted bill” that was “narrowly targeted at schools, at healthcare providers” and loans to help businesses keep people employed.

But McConnell said he had had “no private discussions” with President-elect Joe Biden or the Democratic leaders of the House of Representatives, who have repeatedly called for more than $2 trillion in funding to help fight the economic crisis.

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