U.S. stimulus delayed as Republican talks fall into disarray - FT

Motorists take part in a caravan protest in front of Senator John Kennedy's office at the Hale Boggs Federal Building asking for the extension of the $600 in unemployment benefits to people out of work because of the coronavirus in New Orleans La. W

Republicans to Unveil Coronavirus Relief Bill With Wage Replacement Plan, Without Payroll Tax Cut

The Trump administration and Republicans are now pushing a package with a price tag of $1 trillion, but Mnuchin has said that they "will spend what we need to spend" to get the right package passed and signed.

The White House chief of staff, Mark Meadows, was expected on Capitol Hill on Saturday, for talks with Senate Republicans over the next coronavirus relief package.

The draft closely mirrors what Senate Majority Leader Mitch McConnell outlined in remarks laid out on the Senate floor Thursday on what GOP leadership and the White House are negotiating, including providing $105 billion for schools, with at least part of the funding contingent on schools reopening doors in the coming months.

The delay has prompted criticism from Democrats who noted that the House of Representatives, which they control, had passed its own $3tn recovery proposal two months ago.

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"The [Trump] administration has requested additional time to review the fine details, but we will be laying down the proposal early next week", the Kentucky Republican told reporters. It is simply unacceptable that Republicans have had this entire time to reach consensus among themselves and continue to flail. "Hopefully we can come together behind some package we can agree on in the next few weeks". It also held $1,200 more per dependent up to three.

GOP Sens. Charles Grassley of Iowa, Lamar Alexander of Tennessee, Susan Collins of Maine, Marco Rubio of Florida and others are spearheading various provisions of the proposal and will introduce various components on Monday, McConnell said Thursday.

In a CNBC interview with Mnuchin, he said a Republican bill would extend a reduced level of federal unemployment income and have a second round of $1,200 direct payments that are like those sent four months prior.

"I'm not going to mince words: a Republican failure to continue the $600 a week federal unemployment supplement would represent a racially discriminatory action". Other GOP senators also sounded unsure over the timeline of the bill's release and said the bill is still a "work in progress".

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One possibility under discussion would have the effect of reducing benefits for a typical jobless worker by $400 per week, which Schumer said would cause significant harm.

The Republican plan is expected to include another round of $1,200 checks, as well as around $70 billion for schools-half of which will be tied to reopening.

Mr Trump had been pushing a payroll tax cut, but Senate Republicans did not want to include it because they felt it did little to help out-of-work Americans. "Once again, the Republican Senate is far more comfortable providing relief to big corporations than relief to American workers and American families".

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