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Senate votes on $ 500 billion GOP coronavirus stimulus invoice on Wednesday

Senate Majority Leader Mitch McConnell (R-KY) walks to his office on Capitol Hill in Washington on September 10, 2020.

Joshua Roberts | Reuters

The Senate will vote on a $ 500 billion bill to encourage coronavirus on Wednesday, Senate Majority Leader Mitch McConnell said Saturday, as a major two-party deal despite continued talks between top Democrats and the Trump Government remains elusive.

McConnell blamed his opponents on the other side of the political aisle for the current stalemate, arguing that the Senate would have enough time to pass the GOP stimulus package and approve Supreme Court candidate Amy Coney Barret if Democrats approved this legislation do not hinder ".

"Nobody believes that this $ 500 billion proposal would solve every problem forever," McConnell said in a statement on Saturday. "It would bring tremendous additional help to workers and families right now while Washington continues to argue over the rest."

Democrats have accused McConnell of pushing Barrett's affirmation instead of focusing on passing stimulus laws. The Democrats blocked a $ 500 billion Republican plan in the Senate last month and are likely to dismiss the latest GOP proposal as insufficient.

The chances of Congress getting fresh aid ahead of the November 3 presidential election have diminished as the Senate's GOP plan is more limited than proposed by the Trump administration or the Democrats.

The GOP bill will include funding for schools, expanded unemployment benefits, and a second round of the paycheck protection program, McConnell said. The Senate will vote on the bill on Tuesday after an independent vote on further PPP funds.

Earlier this month, Treasury Secretary Steven Mnuchin offered House Speaker Nancy Pelosi a $ 1.8 trillion stimulus deal, about $ 400 billion less than the bill proposed by House Democrats earlier this month.

Pelosi, whose party in the House passed a $ 2.2 trillion relief bill, turned down the White House proposal, saying it was "one step forward, two steps back." The Republicans in the Senate reject the White House package as too big.

Pelosi and Mnuchin continued their negotiations this week, despite being unable to reach an agreement. Both sides described the talks as productive, but said that big differences persist.

Congress hasn't passed new relief laws in months as the coronavirus worsens in the U.S. and millions of Americans remain unemployed.

– CNBC's Jacob Pramuk contributed to the coverage

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