Both parties in Washington seem intent on passing another COVID-19 relief bill this month, but it matters whatâs in it and especially how itâs paid for. Republicans above all need to repurpose the unused funds from the Treasury backstop for the Federal Reserveâs 13(3) pandemic lending facilities.
The two sides are focusing on something close to $900 billion, which is much more than needed given the imminent arrival of COVID-19 vaccines. But at least thatâs down from the Chuck Schumer-Nancy Pelosi demand of $2.2 trillion. The Speaker earlier this month came off that attempt at political extortion, proving that it had been a gambit to prevent a deal before the election.
What should be included in the next COVID-19 relief bill
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VIEWS FROM ELSEWHERE: Paying for more COVID relief
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