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Pelosi, McConnell Hint at Hope for Aid While Trump Remains Wild Card

  • Republicans willing to consider aid to states but for a price
  • House expected to roll out Democratic demands within days
Bloomberg business news
Intervention Is Needed to Right the U.S. Economy, Says Glenn Hubbard
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Congress turns its attention this week to negotiations over another round of economic stimulus, with battle lines drawn over more than $1 trillion in additional spending floated by Democrats amid objections from Republicans and demands from President Donald Trump.

Republicans are chafing at the prospect of adding to the $2.9 trillion already allocated to pandemic relief, yet the two sides are open to some funding for the most contentious piece: aid to state and local governments. GOP lawmakers have eased their opposition to the Democratic-backed proposal, expressing openness to offering some relief in exchange for business liability protections.