Mnuchin had set a goal of final passage of virus relief legislation by the end of the month. But that’s an ambitious target given resistance from some GOP senators about still more deficit spending and how far apart Democrats and Republicans are on the price tag for another stimulus.
It’s not clear whether McConnell will try to call a vote on the GOP proposal or go straight into negotiations on a compromise plan with House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer. Any final plan will need the support of Democrats to pass the House and Senate.
This story provided by Bloomberg News.