October 21, 2020

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House Democrats Release New $2.2 Trillion U.S. Stimulus Proposal

(Bloomberg) — House Democrats released a $2.2 trillion proposal to extend support to the U.S. economy in face of the continuing damage from the coronavirus pandemic.



an old stone building: The U.S. Capitol building stands in Washington, D.C., U.S., on Monday, Sept. 14, 2020. Speaker Nancy Pelosi welcomes the House back today, but that's unlikely to give fresh impetus to the Covid-19 relief funding discussions with Republicans and Democrats both testing a risky strategy that the public will blame the other side for failing to deliver help to millions of households and companies.


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The U.S. Capitol building stands in Washington, D.C., U.S., on Monday, Sept. 14, 2020. Speaker Nancy Pelosi welcomes the House back today, but that’s unlikely to give fresh impetus to the Covid-19 relief funding discussions with Republicans and Democrats both testing a risky strategy that the public will blame the other side for failing to deliver help to millions of households and companies.

The plan follows through on discussions last week to prompt a last-ditch attempt at negotiations with the White House to break an impasse on Covid-19 relief that’s lasted since early August.

The White House and congressional Republicans have previously rejected that level of stimulus.

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