While U.S. senators are waiting to see if a minimum wage hike can be included in President Biden‘s $1.9 trillion bailout, Reuters reports that senators are considering significantly reducing the size of the bailout package.
Recently, senators will soon decide whether to include the minimum wage increase proposed by Democratic Senator Bernie Sanders (Bernie Sanders) in the bailout package.
The House of Representatives is expected to pass the bill on Friday, and the Senate may follow through in early March, the bailout program is the primary focus of Biden’s administration after taking office.
But according to Reuters (Reuters) reports, the Senate is considering a bipartisan reduction in the size of the bailout package, including the original desire to expand unemployment benefits, $1,400 cash checks and bailout funds provided to state and local governments.
Some senators from agricultural states said the cost savings from the cuts could improve outdated local broadband services.
Sources said the size of the cash checks in the new bailout could also be toned down and exclude more high-income households.
Several Democratic senators said they are also considering raising the minimum wage from $7.25 to $10 to $11 an hour instead of $15.
During the push for the 1.9 trillion bailout, Democratic Senate Majority Leader Chuck Schumer (D-N.Y.) must weigh the demands of the Republican opposition, Democratic progressives and moderates.
Senate Republican Leader Mitch McConnell (Mitch McConnell) said that although some families are still struggling in the quagmire, but the current U.S. retail sales growth is strong, manufacturing activity is becoming more active, it believes that the government does not need to release a large amount of bailout funds.
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