The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Wednesday, May 13, 2020

Another three trillion dollars?

Pelosi unveils $3T coronavirus stimulus plan, but GOP balks

That would bring the running total to six.

House Speaker Nancy Pelosi on Tuesday unveiled a new, expansive $3 trillion coronavirus federal aid package that could bring an estimated $67 billion to New York state and local governments, but it quickly ran into Republican opposition.

Pelosi released the Democrats’ 1,815-page legislative package, which would be the largest emergency spending bill in history, with plans for a House vote on it Friday to lay down a marker for negotiations with the White House and congressional Republicans.

“We must think big for the people now, because if we don’t it will cost more in lives and livelihood later,” Pelosi said at the Capitol. 

“We’re presenting a plan to do what is necessary to deal with a chronic crisis and make sure we can get the country back to work and school safely.”

Republicans gave a cool reaction to the bill, and Senate Republicans likely won’t take it up until June, after the Memorial Day recess that begins a week from Friday.

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