Senate Heads for Recess Without New Coronavirus Relief Package

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With Small Businesses on Brink of Closure, Senate Heads for Recess Without New Relief Package

Q3 2020 hedge fund letters, conferences and more

Senate Goes On Vacations Without New Relief Package

WASHINGTON, D.C. – After Majority Leader Mitch McConnell sent the Senate home for the rest of the month, Americans continue to wait on pins and needles without the help of a new COVID-19 relief package. The Senate will take its vacation after more than a week where talks between lawmakers and the administration on getting American workers and small businesses new relief funds to keep them afloat have ground to a halt.

The public health and economic crises brought on by COVID-19 have never been worse. This week, the United States hit another horrifying coronavirus milestone: 250,000 deaths. And while hospitalizations nationwide are reaching record highs and the nation’s largest school system has been forced to shut down in-person learning, President Trump has effectively given up on trying to curb the spread of COVID-19.

Meanwhile, reports today show that 742,000 workers filed for unemployment last week, leaving more than 6.3 million Americans without work. And as mass evictions and further job loss loom on the horizon and food insecurity ravages American households, the HEROES Act — which would provide real help to workers, states, and small businesses — has yet to be taken up in the Senate despite being passed by the House months ago.

Small Businesses Are Still Struggling

“While Americans are struggling to put food on the table, maintain a roof over their heads, and keep their small businesses afloat, Senators are leaving for vacation without making any progress on securing a desperately needed new relief package,” said Kyle Herrig, president of Accountable.US. “Americans are in dire straits, and the president and his friends on the Hill have effectively given up on addressing the worsening pandemic and its consequences. .”

 

The post Senate Heads for Recess Without New Coronavirus Relief Package appeared first on ValueWalk.

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