ADVERTISEMENT
Africanian
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
No Result
View All Result
Africanian
No Result
View All Result
Home World US

US House speaker says there’s chance to reach agreement on COVID-19 relief package

"While the economy has been doing better than expected, I think there's downside risk to that if there is no further fiscal support," Powell said.

in US
Reading Time: 2 mins read
0 0
0
US House speaker says there's chance to reach agreement on COVID-19 relief package
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

More

Russian citizen Viktor Bout was exchanged for US basketball player Brittney Griner

US-EU alliance heading for ‘ugly divorce’ – Dmitry Medvedev

Wang Yi, Kissinger discuss bilateral ties, Taiwan question at New York meeting

WASHINGTON – US House Speaker Nancy Pelosi said on Sunday that there’s a chance she and Treasury Secretary Steven Mnuchin could reach an agreement on the next COVID-19 relief package.

“I trust Secretary Mnuchin to represent something that can reach a solution and I believe we can come to an agreement,” Pelosi said on CNN’s “State of the Union.”

“What we will be putting forth is a proffer to say: Now, let us negotiate within a time frame and a dollar amount to get the job done to put money in people’s pockets, to honor our heroes and to crush the virus,” Pelosi said. “I think we have a chance to get something done.”

Pelosi noted that the public is going to have to see why the next COVID-19 relief package perhaps needs 2.4 trillion US dollars because “the president’s denial of the virus and just resistance to doing anything to crush it has made matters worse in so many ways.”

“For restaurants, for small stages around the country, again, more money needed for PPP, more money for the airlines and the rest. So, we may need more money than that,” she said, referring to the Paycheck Protection Program for small businesses.

House Democrats unveiled a 3-trillion-dollar relief proposal in May, which didn’t gain support from Republicans. Senate Republicans put forward a 1-trillion-dollar package in late July, and failed to advance a slimmed-down proposal earlier this month. Recently, Pelosi has insisted that Democrats won’t accept any package lower than 2.2 trillion dollars.

At a congressional hearing on Thursday, Mnuchin said that a targeted relief package is still needed and the administration is ready to reach a bipartisan agreement.

“I believe there is significant bipartisan support for legislation that supports kids and jobs particularly for extending the PPP to those hardest hit industries that need a second payment,” Mnuchin said.

Federal Reserve Chairman Jerome Powell also said at the same hearing that the lack of further fiscal support would pose a downside risk to the US economy, which is recovering from the COVID-19 induced recession.

 

Source: China Daily
africanian

africanian

  • Trending
  • Comments
  • Latest
Breaking News: Equatorial Guinea First Female Prime Minister Emerges

Breaking News: Equatorial Guinea First Female Prime Minister Emerges

January 31, 2023
Equatorial Guinea: Online Visa System In Effect From February 1

Equatorial Guinea: Online Visa System In Effect From February 1

January 31, 2023
Equatorial Guinea: Pamela Nze Eworo, Becomes First Female Minister of Information, Press and Radio

Equatorial Guinea: Pamela Nze Eworo, Becomes First Female Minister of Information, Press and Radio

February 3, 2023
Regional Seminar on the African Development Bank’s Africa Information Highway Initiative

Regional Seminar on the African Development Bank’s Africa Information Highway Initiative

February 7, 2023
Nigeria: AFIDFF at the Equatorial Guinea Embassy ahead of the proposed First African Documentary Festival

Nigeria: AFIDFF Pay Courtesy Visit to Equatorial Guinea Embassy Ahead of the First African Documentary Festival

February 7, 2023
Mahamat Expresses Regret For Victims of the Türkiye–Syria Earthquake

Mahamat Expresses Regret For Victims of the Türkiye–Syria Earthquake

February 7, 2023
Africanian

Copyright © 2022 Africanian.com.

Follow Us

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

Copyright © 2022 Africanian.com.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.