Democrats increase coronavirus spending demand to $3.7 trillion

House and Senate Democrats said on Friday that the cost of their coronavirus aid package has increased to $3.7 trillion but added that they are willing to shave off $1 trillion to cut a compromise deal with the White House.

White House officials said the escalating cost of the Democratic demands has complicated efforts to secure a bipartisan deal that would also extend expired unemployment benefits and critical small-business loans.

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said White House negotiators have refused their offer so far but are hoping for a compromise when the two sides meet later in the afternoon.

Read more…

Please follow and like us: