McConnell says Republicans ‘getting close’ to a GOP deal on $1 trillion stimulus ahead of talks with Democrats
CNNWashington CNN — Senate Republicans are racing to reach a GOP deal on a massive $1 trillion economic stimulus as the coronavirus crisis intensifies, despite facing criticism from Democrats who warn that efforts to swiftly pass a stimulus could be derailed if they are not included in negotiations now. Senate Majority Leader Mitch McConnell on Wednesday said Republicans are “getting close” to a deal and has outlined a plan that would involve Republicans coming to an agreement before going to Democrats in an attempt to forge a bipartisan consensus. “House and Senate leaders, majority and minority, plus the White House.” “The process that Leader McConnell has outlined,” Schumer said, “is too cumbersome, too partisan and will take far too long given the urgency and need for cooperation.” House Speaker Nancy Pelosi made a similar point during a conference call on Wednesday with House Democratic leadership and committee chairs of jurisdiction focused on next steps for coronavirus response. He said there is a great sense of “urgency” among all Republicans “to get something to the floor to vote on, to reassure people they will have paychecks.” CNN has obtained a two-page memo from the US Treasury detailing its recommendations for the phase three coronavirus stimulus package.