Another Congressional COVID19 Relief Bill Expected to Pass
Congress returns on Monday, July 20, and a rush to pass a Phase 4 coronavirus (COVID-19) relief bill is expected. Monday or Tuesday Senate Republican Leader Mitch McConnell is expected to unveil the Republican alternative to the $3.5 trillion bill the House passed in May. While there have been no direct negotiations, ideas have been exchanged in the press and some behind the scenes talks at the staff level.
With Thursday's new unemployment claim holding at around 1.3 million, and 17 weeks above 1 million; a primary focus will be the $600 a week supplemental unemployment benefit that was created in the CARES Act in March.
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