coronavirus stimulus update
After six months spent pushing for a more-than $2 trillion coronavirus stimulus package, House Speaker Nancy Pelosi (D-Calif.) is fine with something smaller.
Earlier this week, a team of bipartisan lawmakers unveiled a $908 billion coronavirus relief. It's smaller than the $1.5 trillion deal the House's bipartisan Problem Solvers Caucus drew up in September, and yet this time around, President-elect Joe Biden's win and forthcoming coronavirus vaccines have Pelosi ready to accept it.
Pelosi went on to explain that she had held out for a bigger bill with longer-lasting provisions before she knew who would be the next president — essentially, she thought she wouldn't get a second chance at a stimulus package if President Trump was re-elected. But with "a president who recognizes that we need to depend on science to stop the virus" and that "America's families need to have money in their pockets," Pelosi said she was confident she could work out many more smaller relief provisions in the future.
What hasn't changed is that millions of Americans are still out of work, likely in more dire straits than they were a few months ago as unemployment benefits begin to expire and bills continue to pile up.