‘No rush’ for re­lief bill de­spite dire US job­less num­bers

Kuwait Times - - Business -

WASHINGTON: US Pres­i­dent Don­ald Trump said Fri­day he was in “no rush” to strike a deal with Democrats over emer­gency re­lief for suf­fer­ing Amer­i­cans even as the rag­ing coro­n­avirus pan­demic causes stag­ger­ing job losses. Democrats led by House Speaker Nancy Pelosi said they are craft­ing what could be­come an­other tril­lion-dol­lar-plus res­cue pack­age po­ten­tially in­clud­ing fund­ing for state and lo­cal gov­ern­ments, pay­check pro­tec­tions and rent or mort­gage as­sis­tance. Pelosi sig­naled that her “bold CARES 2 pack­age” could soon get a vote if the House of Rep­re­sen­ta­tives re­turns to reg­u­lar ses­sion next week. The pres­i­dent ap­peared to wave off the ur­gency.

“We’re in no rush,” Trump said at a round­table with Repub­li­can law­mak­ers when asked about speed­ing up ne­go­ti­a­tions given the stag­ger­ing 14.7 per­cent un­em­ploy­ment fig­ure re­leased Fri­day. Trump said he wanted to see what Democrats were propos­ing in the draft bill, adding that the ad­min­is­tra­tion “got what we needed” in pre­vi­ous res­cue pack­ages. Congress in March passed an un­prece­dented $2.2 tril­lion res­cue, trig­ger­ing the dis­tri­bu­tion of checks to mil­lions of fam­i­lies. The pack­age pumped $349 bil­lion into a loan pro­gram to sal­vage small busi­nesses and di­rected $150 bil­lion to state and lo­cal gov­ern­ments.

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