Senate to vote for $ 500 billion Republican coronavirus stimulation bill on Wednesday

Senate leader Mitch McConnell (R-KY) will walk to his office in Capitol Hill, Washington, on September 10, 2020.

Joshua Roberts | Reuters

The Senate will vote for a $ 500 billion coronavirus stimulus bill on Wednesday, Senate leader Mitch McConnell said Saturday.

McConnell now argues that if the Senate goes through Republican stimulus and “the Democrats don’t interfere with the bill,” there’s enough time to confirm Supreme Court candidate Amy Coney Barrett. He accused the enemy of his stagnation across political passages.

“No one thinks this $ 500 billion or more proposal will solve all problems forever,” McConnell said in a statement on Saturday. “While Washington continues to discuss the rest, it will now provide workers and families with enormous amounts of additional assistance.”

Democrats have accused McConnell of pushing for Barrett’s confirmation rather than focusing on passing the stimulus bill. Democrats are likely to block the $ 500 billion Republican plan in the Senate last month and dismiss the latest Republican proposal as inadequate.

Senate Republican plans are more limited than those proposed by the Trump administration and Democrats, making it less likely that Congress will pass new aid before the November 3 presidential election.

The Republican bill includes funding schools, increased unemployment benefits, and a second round of paycheck protection programs, McConnell said. The Senate will vote on the bill the day after it voted alone for more PPP funding on Tuesday.

Earlier this month, Treasury Secretary Steven Mnuchin offered Congressman Nancy Pelosi a $ 1.8 trillion stimulus, about $ 400 billion less than the Democratic bill proposed earlier this month.

Pelosi, whose party passed a $ 2.2 trillion bailout bill in the House of Representatives, rejected the White House’s proposal and said it was “one step forward and two steps back.” Senate Republicans, meanwhile, oppose the White House package being too big.

Pelosi and Mnuchin continued negotiations this week, but could not reach an agreement. Both sides characterized the negotiations as productive, but said that significant differences remained.

Congress hasn’t promoted a new bailout for months as the coronavirus worsens across the United States and millions of Americans are unemployed.

— CNBC’s Jacob Pramuk contributed to the report

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