Senate Majority Leader Mitch McConnell rejected the initial version of the $908B bipartisan stimulus package today. However, internal talks have begun around a compromised and revised version and he believes there is no reason a stimulus can't be passed in December. The stalemate marks continued months of congressional inaction on fighting economic harm due to the COVID-19 pandemic.
- House Speaker Nancy Pelosi delivered a new proposal for a stimulus package and McConnell said that the Republicans are discussing a revised version that has the backing of President Donald Trump.
- McConnell stated that a must-pass spending bill and pandemic relief stimulus would likely come in the same deal as Congress needs to approve funding legislation by Dec. 11 in order to avoid a government shutdown.
- The proposal would not include direct payment to most Americans but would include $288B for small businesses, $160B in state and local government relief, and $180B to fund a $300 per week supplemental unemployment benefit through March.