• Sen. Richard Shelby, chair of the Appropriations Committee, said additional coronavirus relief may not come until after the November election.
• “It looks that way,” Shelby told reporters. “You never know around here sometimes things look bleak and they’re revived and so forth.”
• The comments come after Democrats united to block a $500 billion GOP stimulus plan, attacking it as “inadequate.”
• Many economists warn of a slowing, uneven recovery without further federal spending.
• Visit Business Insider’s homepage for more stories.

Sen. Richard Shelby of Alabama, chair of the Appropriations Committee, said on Thursday that coronavirus relief legislation may not get passed until after the presidential election in November.

His comments came after Democrats united to oppose the GOP’s $500 billion slimmed-down stimulus plan, blocking it in a 52-47 vote. Some lawmakers sought to salvage hope that a deal could still be struck this month. But Shelby threw cold water on the idea and said further economic relief may not come before Americans cast their ballots.

“It looks that way,” Shelby told reporters. “You never know around here sometimes things look bleak and they’re revived and so forth. We thought the scaled down version was a good bill. A good timing and …continued .
[Source: Business Insider]