President Trump will sign Senate Majority Leader Mitch McConnell's (R-Ky.) coronavirus stimulus proposal, Treasury Secretary Steven Mnuchin told reporters Wednesday.
McConnell announced what appears to be a tweaked version of his previous $500 billion deal on Tuesday, just hours after a group of bipartisan senators put forward a $908 billion proposal. McConnell hasn't revealed many details of his bill yet, but it does include school choice tax credits, a proposal blocking the federal government from using unspent CARES Act funding, and other GOP priorities.
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COVID-19 relief bill negotiations have been stalled for months, with the last CARES Act expiring at the end of July. Boosted unemployment benefits ended then, but a slate of other unemployment protections and tax propositions will expire at the end of the year without action.
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