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Monday, Oct 12 2020

Full Issue

Let's Try This Again: White House Has New Idea For COVID Relief

The Trump administration wants to repurpose about $130 billion in unused funding from the Paycheck Protection Program.

The White House again pivoted its approach to stimulus negotiations on Sunday, with the president鈥檚 aides pushing for immediate action on a narrow measure after the administration鈥檚 $1.8 trillion proposal was rebuffed by members of both parties. In a letter to Congress sent Sunday, White House Chief of Staff Mark Meadows and Treasury Secretary Steven Mnuchin asked lawmakers to first pass legislation allowing the Trump administration to redirect about $130 billion in unused funding from the Paycheck Protection Program intended for small businesses while negotiations continue on a broader relief effort. (Stein and Werner, 10/11)

Top Trump administration officials are calling on lawmakers to pass legislation to redirect unused funding from a small-business lifeline, the latest salvo in a week of twists and turns in talks between the White House and congressional leaders on a new round of coronavirus stimulus. 鈥淣ow is the time for us to come together and immediately vote on a bill to allow us to spend the unused Paycheck Protection Program funds while we continue to work toward a comprehensive package,鈥 White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin wrote in a letter on Sunday to members of the House and Senate. 鈥淭he all-or-nothing approach is an unacceptable response to the American people.鈥 (O'Brien, 10/11)

In related news 鈥

A potentially dire housing crisis could erupt if the Trump administration and Congress fail to reach a deal on further coronavirus relief that includes eviction protections and substantial rent assistance, experts warn. The Centers for Disease Control and Prevention (CDC) issued a sweeping eviction ban last month in an unprecedented flex of its emergency authorities, but the moratorium stands on shaky legal ground 鈥 and only runs through the end of the year. (Lane, 10/11)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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