Details of Phase 4 Coronavirus Legislation up for Debate
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From the Center
‘It’s not enough’ — Pelosi wants more small business loans, direct payments and unemployment benefits
House Speaker Nancy Pelosi on Friday called for another bill to expand the provisions in the $2 trillion package Congress passed last week to limit the economic devastation from the coronavirus pandemic.
“Right now, I think that we have a good model. It was bipartisan, it was signed by the president. But it’s not enough,” Pelosi told CNBC’s Jim Cramer after the government employment report showed the U.S. economy lost 701,000 jobs in early March as businesses started to shut down.
In the interview on “Squawk on the Street,”...
From the Left
Democrats outline "phase 4" of coronavirus response, emphasizing infrastructure
Washington — House Democrats unveiled a proposal Wednesday to bolster the country's infrastructure to mitigate the economic fallout of the coronavirus pandemic, in what would be "phase four" of the congressional response to the outbreak.
Speaker Nancy Pelosi told reporters in a conference call that the House's "interest in infrastructure has always been bipartisan." The plan builds upon a framework first introduced by Democrats in January, which would cost an estimated $760 billion over five years.
From the Right
Democrats: Phase four coronavirus legislation must reopen healthcare exchanges
Senate Democrats say Congress needs to pass a new economic relief package that would also reopen Obamacare exchanges for people needing treatment for the coronavirus.
Senate Minority Leader Chuck Schumer of New York and Sen. Ron Wyden of Oregon said on a call with reporters that they do not favor a Trump administration plan to provide direct financial aid to people who lack healthcare instead of reopening the healthcare exchanges.
Democrats will push to include a provision to open a special enrollment period in a new economic relief package that...
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May 15 at 12pm PT / 3pm ET Living Room ConversationsMore News about Coronavirus from the Left, Center and Right
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