Congress paved the way for President Biden’s $1.9 trillion COVID-19 relief package to be passed with a simple majority via the budget reconciliation process. While President Biden has said he wants to work with Republicans on passing a COVID-19 relief package, he signaled he would move forward with his relief proposal without Republican support.
“I’d like to be doing it with the support of Republicans…but they’re just not willing to go as far as I think we have to go,” the president said. “If I have to choose between getting help right now to Americans who are hurting so badly and getting bogged down in a lengthy negotiation or compromising on a bill that’s up to the crisis, that’s an easy choice.”
Democratic leadership aims to pass the package by March 15, when enhanced unemployment and other crisis-related initiatives are set to expire. House Speaker Nancy Pelosi (D-CA) stated on Friday that she is hopeful the House will send a “sweeping COVID-19 relief bill” to the Senate within two weeks.
FCA International will continue to monitor the situation and ensure Congressional leaders consider signatory contractors’ needs and interests as they craft the final version of the package. Stay tuned!