Business & Economy

On The Money: Bipartisan group unveils two-part $908B COVID package | The push for stimulus checks | Progressives frustrated with representation in Biden Cabinet

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THE BIG DEAL—Bipartisan group unveils two-part $908 billion coronavirus package: A bipartisan group of lawmakers on Monday unveiled its $908 billion coronavirus relief package as Congress faces a time crunch to pass more aid.  

The proposal is split into two parts: 

The Hill’s Jordain Carney has the details here.

The strategy: 

Sen. John Cornyn (R-Texas), an adviser to McConnell, called the bipartisan bills “good stuff” but said any coronavirus relief was likely going to need to be agreed upon by leadership. 

Senate Minority Leader Charles Schumer (D-N.Y.) said that he would review their bills and that Democrats are “100 percent committed” to getting more relief signed into law. 

The push for stimulus checks: The group is also facing pushback from both sides of the aisle because the proposal doesn’t include another round of direct payments. 

Sens. Josh Hawley (R-Mo.) and Bernie Sanders (I-Vt.) are demanding a vote on their proposal to provide a second $1,200 check and have signaled that they view either a government funding bill or a separate coronavirus deal as leverage. 

The Hill’s Naomi Jagoda has more on their fight here.

Read more: Window quickly closing for big coronavirus deal

 

LEADING THE DAY

Stimulus checks should take back seat to jobless aid, economists say: A bipartisan push to include stimulus checks in the next COVID-19 relief package is raising concerns among economists that other forms of relief considered more effective may be left out.

The Hill’s Niv Elis tells us why here.

Progressives frustrated with representation as Biden Cabinet takes shape: Some progressives are getting increasingly frustrated with the how President-elect Joe Biden’s potential Cabinet is shaping up, venting that the incoming administration does not properly reflect the role progressives played helping Biden get to the White House.

While Biden’s choices so far have largely succeeded in not upsetting the Democratic base, there is bubbling skepticism among progressive groups that Biden will commit to including picks for top Cabinet positions that will represent their views.

“I think the Biden people have been a little bit less concerned about satisfying progressives. I think they’re a little more concerned about not alienating progressives,” said one Democratic strategist close to the transition. The Hill’s Brett Samuels and Alex Gangitano explain here.

GOOD TO KNOW