Democratic leaders Pelosi and Sumer compromise on stimulus dispute

House Democrats reject White House stimulus offer as ‘grossly inadequate’

Democratic leaders Pelosi and Sumer compromise on stimulus dispute

Democratic leaders Pelosi and Sumer compromise on stimulus dispute

Backtracking, Democrats in Congress agreed to cut federal economic aid to $ 908 billion

On Wednesday, December 2, Democratic leaders in the US Congress officially endorsed the $ 908 billion stimulus project for the American economy, developed and put forward the day before by a bipartisan group of lawmakers. This bill, in particular, provides for the allocation of $ 228 billion as part of a job preservation program for hotels, restaurants and other small companies..

Speaker of the House of Representatives, the third person in the state Nancy Pelosi and the leader of the Democratic minority in the Senate Chuck Schumer said they would like to take this plan as a basis during the next round of negotiations with the White House administration and Republicans in Congress..

“In a spirit of compromise,” Pelosi and Sumer said in a published joint statement, “we believe the bipartisan draft proposed by the senators the day before can be used for urgent bipartisan negotiations in both [Congress] chambers.”.

Democratic leaders Pelosi and Sumer compromise on stimulus dispute

Thus, analysts from MSNBC and Bloomberg, for the first time, Democratic leaders have publicly departed from their previous position, in accordance with which they advocated the allocation of $ 2.4 trillion to eliminate the economic consequences of the COVID-19 pandemic..

At the same time, a compromise may not be achieved, as Treasury Secretary Stephen Mnuchin told reporters on Wednesday that President Donald Trump is ready to sign, if ratified, an economic aid bill proposed by Senate Majority Leader Republican Mitch McConnell. However, his version of economic stimulus calls for only $ 500 billion, which Democrats still consider insufficient..

President-elect Joe Biden, commenting on a statement by fellow party members Pelosi and Sumer, said the 908 billion bill “is not a complete answer, but at least provides immediate assistance.”.

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