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.
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.