Trump Administration Asks Congress for $850 Billion Coronavirus Economic Relief Bill

The Trump administration is seeking $850 billion for aid to companies and a possible payroll tax holiday, CNN reports.

Treasury Secretary Steven Mnuchin is expected to seek a bill that will include aid to small businesses and airlines hit hard by the coronavirus.

The bill is expected to include President Trump’s request for a payroll tax break until the end of the year.

Mnuchin also urged Republicans in the Senate to back a coronavirus relief bill passed by the House, which was delayed over Republican concerns about paid sick leave.

GOP planning something big:

"I don't think we can assume we can keep reconvening the Senate every week, like we did this week," Florida Republican Sen. Marco Rubio told CNN after meeting with Mnuchin on Monday. "I think the assumption is going to be, we're going to do something (and) it's going to be big because we can't assume we can just keep coming back here."

GOP still holding up coronavirus relief:

Mnuchin also pressed Republican Senators to support a House-passed coronavirus relief bill.

Trump urged “changes” to the bill and Texas Rep. Louie Gohmert has blocked the bill from moving to the Senate unless the House returns from its recess and votes on the bill again.

But Senate Republican leader Mitch McConnell said Monday that the Senate will pass the bill after pressure from Mnuchin.

"Again we'll be speaking to the Republicans at lunch tomorrow about the bill but we look forward to them taking it up and passing it," Mnuchin said Monday. "But we got a lot more work to do and the main reason why we're here tonight was talking to the Senate about other bills that they're going to work on ASAP."


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