The daily business briefing: July 20, 2020

Congress returns to coronavirus aid package negotiations, Trader Joe's urged to nix "racist" food labels, and more

Trader Joe's in Michigan
(Image credit: JEFF KOWALSKY/AFP via Getty Images)

1. Congress returns to urgent coronavirus aid package negotiations

Congress returns to work Monday facing increasing pressure to pass a fifth coronavirus aid package before its next scheduled break in three weeks. The most urgent task is crafting an extension or replacement for $600 extra in expiring supplemental unemployment benefits, as 20-30 million workers remain unemployed. House Democrats already passed a $3.5 trillion package in May, and Senate Majority Leader Mitch McConnell (R-Ky.) is expected to release his $1 trillion proposal this week. His top priority is shielding companies from coronavirus-related lawsuits. President Trump has said he might not sign a bill if it doesn't include a payroll tax cut, an idea unpopular on Capitol Hill. House Democrats want aid for state and local governments. There is broad agreement on some form of direct payments to households.

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