Senate Majority Leader Mitch McConnell's liability protections bill, the Safe to Work Act, had support from a coalition of business groups including the Chamber of Commerce and the Business Roundtable.A GOP measure to limit the Federal Reserve's lending powers imperiled the odds of a weekend stimulus deal on Saturday.
that Senate Majority Leader Mitch McConnell told senators in a caucus call that Republicans should stand firm with Sen. Patrick Toomey. He's demanding to cut off the central bank's emergency lending powers after they sunset on Dec. 31. That was echoed by Sen. John Kennedy of Louisiana, another GOP member of the Senate Banking Committee. He told reporters that maintaining those programs could turn the Fed into "a commercial bank" and said "we're gonna stand firm."
"The last thing America needs right now is to make it tougher to help people in communities and that's what this proposal does," Sen. Ron Wyden, ranking Democrat on the Senate Finance Committee, said in a brief interview on Capitol Hill. He added it was "a significant sticking point" in the volatile negotiations.
Senators discussed the divide during a confirmation vote on the Senate floor on Saturday afternoon, and a group that included Toomey and Romney broke off and met in Senate Minority Leader Chuck Schumer's office. After leaving, Toomey said, "I think that we should be able to get a deal done."
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STOPpayingTax movement
I really don’t get it why GOP and senatemajldr are so greedy in financially supporting the American people during covid19 considering we are the ones working, paying the taxes that is funding the all those business applied for PPP
No way should Dems cave on this even if they have shut the government down
Our economy will crash sooner or latter.
Followed by a Dem measure to derail stimulus....we know the drill.
Try to get the banks to underwrite mortgage for loans $60,000 and lower with Fed Chairman Jeb Powell low interest rates. Have the banks waive the all the fees or get the Small Business Administration to underwrite all the loans under a “Presidential Disaster Declaration.”
Mitch they are calling your name in hell.
FuckMitchMcConnell
A weekend stimulus deal could be derailed by a GOP measure to burn the country to the ground.
90% of news about covid and trump