Morning Jolt: We Might Be in for Another Stimulus Bill

Alexandra DeSanctis here, filling in for Jim Geraghty this week. On the menu today: Congress is back in session, ready to negotiate another round of COVID-19 relief funding; New York City enters Phase Four of reopening as Andrew Cuomo cracks down on outdoor drinkers; and Andrew Sullivan departs New York magazine with a telling farewell.

Congress Preps to Mull Another Stimulus Bill

Back in session this week, the House and Senate face the difficult task of wrangling another stimulus bill, adding to $2.2 trillion that Congress already doled out in March in the CARES Act, through the Paycheck Protection Program, individual stimulus checks, and other forms of spending. Two months ago, Democrats in the House passed a $3 trillion spending bill, hoping that it would become the new stimulus package, giving additional aid to state and local governments and another $1,200 to each taxpayer.

But Senate Republicans have indicated they're only willing to craft a new bill for about $1 trillion, focusing on a few key industries rather than the panoply of special interests that have been lobbying hard for a piece of the pie during the economic ...

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WITH JIM GERAGHTY July 20 2020
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WITH JIM GERAGHTY July 20 2020
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We Might Be in for Another Stimulus Bill

Alexandra DeSanctis here, filling in for Jim Geraghty this week. On the menu today: Congress is back in session, ready to negotiate another round of COVID-19 relief funding; New York City enters Phase Four of reopening as Andrew Cuomo cracks down on outdoor drinkers; and Andrew Sullivan departs New York magazine with a telling farewell.

Congress Preps to Mull Another Stimulus Bill

Back in session this week, the House and Senate face the difficult task of wrangling another stimulus bill, adding to $2.2 trillion that Congress already doled out in March in the CARES Act, through the Paycheck Protection Program, individual stimulus checks, and other forms of spending. Two months ago, Democrats in the House passed a $3 trillion spending bill, hoping that it would become the new stimulus package, giving additional aid to state and local governments and another $1,200 to each taxpayer.

But Senate Republicans have indicated they're only willing to craft a new bill for about $1 trillion, focusing on a few key industries rather than the panoply of special interests that have been lobbying hard for a piece of the pie during the economic ...   READ MORE

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