The budget resolution includes instructions for crafting a $1.9 trillion coronavirus package, in line with the top-line figure proposed by President Biden.
The decision to move forward with the reconciliation process comes as a group of 10 Senate Republicans will meet with Biden and Vice President Harris on coronavirus relief. The Hill’s Jordain Carney has more here.
Breaking down the Republican counteroffer: The Republican proposal totals $618 billion, according to details released by Collins s office on Monday morning. That is roughly a third of the $1.9 trillion plan proposed by Biden and backed by congressional Democrats.
The proposal includes $160 billion in pandemic response funding, including protective equipment and more money for vaccine distribution. It also extends the $300 per week federal unemployment benefit through June 30.
Morning Report.
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Total U.S. coronavirus deaths reported this morning: 441,324.
Confirmed cases of COVID-19 in the United States have surpassed 26 million.
President Biden is staring down a major decision on how to proceed with stimulus talks after a group of centrist Republican senators proposed a pared-down relief bill and put pressure on Biden to meet with them to further his message about unity.
Happy Wednesday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.
Happy Tuesday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.