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Senate Republicans fail to advance coronavirus stimulus bill as stalemate drags on

Editor CNBC September 10, 2020

 

The Senate failed Thursday to advance a Republican coronavirus stimulus plan, the latest blow to stalled efforts to pass another package to mitigate the pandemic’s economic damage.

The measure fell short of the 60 votes needed on a procedural step to move toward passage. All Democrats present, and one Republican — Rand Paul of Kentucky — opposed it in a 52-47 vote. The nearly unanimous vote for the GOP followed weeks of disagreements within the Republican caucus about whether to pass any more aid at all.

The legislation would have reinstated enhanced federal unemployment insurance at a rate of $300 per week, half of the $600 weekly payment that expired at the end of July. It also would have authorized new small business loans and put money toward schools and into Covid-19 testing, treatment and vaccines.

The measure did not include a second $1,200 direct payment to …continued .
[Source: CNBC News]

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