Mitch McConnell: Senate will take up Covid-19 small business relief when it returns

Senate Majority leader Mitch McConnell gives comments on the coronavirus stimulus talks and the Supreme Court nomination. CNBC's Ylan Mui reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

The Senate will vote on a limited coronavirus stimulus bill this month, Majority Leader Mitch McConnell said Tuesday, as lawmakers stumble in their push to send aid to Americans before the 2020 election.

In a statement, the Kentucky Republican said the Senate would take up aid legislation after the full chamber returns on Monday. McConnell called the plan “targeted relief for American workers, including new funding” for Paycheck Protection Program small business loans. Speaking at an event in his home state, he said the bill would also include money for schools, an unemployment insurance boost and liability protections for businesses.

McConnell said in his statement that the Senate would have enough time to both pass the relief proposal and confirm Supreme Court nominee Amy Coney Barrett “unless Democrats block this aid for workers.” Democrats have in recent days targeted Republicans for moving forward with Barrett’s nomination while millions of Americans left jobless by the virus outbreak await federal assistance.

Democrats, who blocked a roughly $500 billion Republican plan in the Senate last month, could dismiss the latest GOP proposal as inadequate. A spokesman for Senate Minority Leader Chuck Schumer did not immediately respond to a request to comment on whether Democrats would support the new Republican bill.

McConnell announced plans for a vote as hopes for new spending to boost the health-care system and economy dim. Democrats and the Trump administration have failed to strike a relief deal as the U.S. creeps closer to Election Day on Nov. 3. Meanwhile, the White House and Senate Republicans appear more out of sync than ever on what the federal response will require.

“STIMULUS! Go big or go home!!!” President Donald Trump tweeted Tuesday shortly after McConnell detailed plans to vote on narrow legislation.

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Mitch McConnell: Senate will take up Covid-19 small business relief when it returns

Senate Majority leader Mitch McConnell gives comments on the coronavirus stimulus talks and the Supreme Court nomination. CNBC's Ylan Mui reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

The Senate will vote on a limited coronavirus stimulus bill this month, Majority Leader Mitch McConnell said Tuesday, as lawmakers stumble in their push to send aid to Americans before the 2020 election.

In a statement, the Kentucky Republican said the Senate would take up aid legislation after the full chamber returns on Monday. McConnell called the plan “targeted relief for American workers, including new funding” for Paycheck Protection Program small business loans. Speaking at an event in his home state, he said the bill would also include money for schools, an unemployment insurance boost and liability protections for businesses.

McConnell said in his statement that the Senate would have enough time to both pass the relief proposal and confirm Supreme Court nominee Amy Coney Barrett “unless Democrats block this aid for workers.” Democrats have in recent days targeted Republicans for moving forward with Barrett’s nomination while millions of Americans left jobless by the virus outbreak await federal assistance.

Democrats, who blocked a roughly $500 billion Republican plan in the Senate last month, could dismiss the latest GOP proposal as inadequate. A spokesman for Senate Minority Leader Chuck Schumer did not immediately respond to a request to comment on whether Democrats would support the new Republican bill.

McConnell announced plans for a vote as hopes for new spending to boost the health-care system and economy dim. Democrats and the Trump administration have failed to strike a relief deal as the U.S. creeps closer to Election Day on Nov. 3. Meanwhile, the White House and Senate Republicans appear more out of sync than ever on what the federal response will require.

“STIMULUS! Go big or go home!!!” President Donald Trump tweeted Tuesday shortly after McConnell detailed plans to vote on narrow legislation.

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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast

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