Aljazeera, Dec. 9, 2020
United States Treasury Secretary Steven Mnuchin presented a $916bn coronavirus relief proposal to House of Representatives Speaker Nancy Pelosi on Tuesday evening in the White House’s first bid since the election to break a deadlock in the US Congress.
Acting on behalf of President Donald Trump, Secretary Mnuchin said his proposal is slightly larger than a $908bn bipartisan plan offered by a group of Republican and Democratic senators last week.
It would include bailout money for state local governments and liability protections for businesses. Thus far, both have been stumbling blocks to a bipartisan agreement that could pass the Democratic-controlled House and Republican-led Senate.
Mnuchin said in a statement on Twitter he hoped “to achieve bipartisan agreement so we can provide the critical economic relief to American works, families and businesses”.
The plan has been reviewed with the president and Republican leaders, and would repurpose existing COVID-19 funds to help pay for it, Mnuchin said
“As part of this proposal, we will fund it using $140bn in unused funds from the Paycheck Protection Program and $429bn in Treasury funds,” Mnuchin said.
In full: https://www.aljazeera.com/news/2020/12/9/mnuchin-offers-916-bn-covid-19-relief-plan-to-us-congress
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