GOP set to propose smaller coronavirus stimulus bill
Republicans are working on a more narrow coronavirus stimulus bill that they could release to members of Congress as soon as this week, two senior administration officials and three people briefed on the matter told CNBC.
The GOP is mulling a roughly $500 billion proposal that addresses only areas of bipartisan support: expanded unemployment insurance, a new authorization of small business loans, and money for schools and Covid-19 testing, treatment and vaccines. The plan would not include another direct payment to Americans.
It would set enhanced jobless benefits at roughly $300 to $400 per week. The figure would be less than the $600 per week approved in March, which Democrats want to reinstate after it expired at the end of July.