During a private conference call with Democrats on Monday, House Speaker Nancy Pelosi (D-Calif.) said at least $1 trillion will be needed for the next coronavirus relief package.
Last month, Congress passed a $2.2 trillion stimulus package, and Pelosi said the next bill will build onto that, people on the call told Bloomberg News. Pelosi said there will have to be more direct payments to individuals, extended unemployment insurance, and additional funding for food stamps and the Payroll Protection Plan, which provides small business loans.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
What are annuities and how do they work?The explainer They are commonly associated with retirement planning due to their ability to provide reliable payments over time
-
'Food tourism as we've known it has become a victim of its own success'Instant Opinion Opinion, comment and editorials of the day
-
Chief justice warns against defying Supreme CourtSpeed Read Supreme Court Chief Justice John Roberts noted that public officials keep threatening to ignore lawful court rulings
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
