Pelosi Warns Next Small Business Stimulus Spending Bill Would Not Pass House If Democrats Don't Get What They Want
Wed, 04/08/2020 - 17:26
https://www.zerohedge.com/economics/pelosi-warns-next-small-business-stimulus-spending-bill-would-not-pass-house-if-democrats
https://archive.vn/nfk9c
According to Reuters, House Speaker Nancy Pelosi said on Wednesday that $250 billion in coronavirus relief for small businesses desired by Republicans would not pass the House of Representatives on its own under current procedures, which require a unanimous vote of those present while most of Congress is out of town.
The reason why the aid would not get unanimous Democratic support is because Pelosi and Senate Democratic Leader Chuck Schumer are demanding that more aid for hospitals, local governments and food assistance be added to the small business aid proposal that the Trump administration and Republicans want passed this week.
Pelosi was speaking in an interview with National Public Radio. Asked if there are limits on spending for coronavirus relief, she said "No, we have to spend what we need."
Which leaves republicans with two options: delay the passage of the next stimulus indefinitely, even though according to many the current $350 billion allocated to the PPP small business rescue program will be insufficient, or concede to Democrats and add far more pork to the bill.