Bipartisan and Bicameral Group Finds Compromise to Stimulus

WASHINGTON, DC – A bipartisan and bicameral group of legislators joined hands on Tuesday morning to unveil a $908 billion relief plan to address the ongoing coronavirus economic shutdown. The Problem Solvers Caucus, speaking to the press at an event near the Capitol, explained that, if passed, their legislation would carry Americans through March of 2021. One of the highlights of the bill is an extension of the Paycheck Protection Program (PPP) which still had money allocated, though Congress would need to extend the program to tap into the more than $500 billion in the Small Business Administration’s coffers. The plan doesn’t officially have the support of leadership in the House (Democrats) nor in the Senate (Republicans) but does appear to have some traction with the White House. Currently, House leadership behind Nancy Pelosi (CA) and Senate leadership under Mitch McConnell (KY) have been unable to bridge the gap of trillions of dollars. McConnell wants a targeted approach to help those most affected by the shutdowns while Pelosi is pushing for more money to fund additional projects outside the immediate realm of coronavirus economic shutdowns. Congress has less than one week left on the legislative calendar and also must still pass a funding bill for 2021 before the current legislation expires next week.
(SOURCE: All Ag News)