Senate Majority Leader Mitch McConnell predicted Congress will pass one final coronavirus rescue package later this month and appealed to everyone in public life to urge people to wear masks to control the spread.
“This is not over. We are seeing a resurgence in a lot of states,” McConnell said at one of three press conferences he held Monday in Kentucky. “I think the country needs one last boost.”
McConnell said he’s “pretty sure” that a bill will come together in the next couple of weeks. He said it will be crafted in his office with consultation from the administration and then negotiated with Democrats, who endorsed a $3.5 trillion package approved by the House in May. Senate Republicans have dismissed that plan and are discussing a package of as much as $1 trillion in total spending.
Whatever the final number, McConnell said it will be harder to get the unanimous Senate support that accompanied the last bill, the $2.2 trillion Cares Act. “The atmosphere has become a bit more political than it was in March,” he said.
49,199 in U.S.Most new cases today
-6% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-1.047 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23
-2.3% Global GDP Tracker (annualized), May