Show an ad over header. AMP

Manchin: GOP leadership will use bipartisan bill as framework for stimulus deal

The bipartisan group of senators working on an economic stimulus deal have received assurances from Senate GOP leadership that their $748 billion proposal will be used as the framework for a relief package that Congress hopes to pass by the end of the week, Sen. Joe Manchin (D-W.Va.) tells the Axios Re:Cap podcast.

Why it matters: This is the most compromise we've seen from Congress to date in trying to pass a new round of economic stimulus, as the country grapples with its worst-ever surge of COVID-19 infections, hospitalizations and deaths.

"They're basically taking our bill and putting it into the omnibus bill, which has to pass at the end [of the week] ... They're using our template. Our bill. They're taking our bill section by section because it's already been vetted... [Republican leadership is] going to acknowledge that today as a framework they're working off of."
Joe Manchin to Axios Re:Cap

Manchin added that he and others in the bipartisan, bicameral group of legislators who have proposed this two-pronged emergency stimulus have spoken with Senate Majority Leader Mitch McConnell about integrating their bill into the final package, and that he said most, if not all, of their bill will be tied into a final deal.

  • The $748 billion package focuses on areas of broad agreement, including a continuation of enhanced unemployment benefits and reauthorization of the PPP program for small business loans.
  • The portion not included is the smaller, more controversial $160 billion bill that includes state and local aid (favored by Democrats) and liability protections for businesses (favored by Republicans).

The other side: A Senate GOP leadership aide tells Axios, “Joe Manchin wants to be the hero here and say, ‘I gave Mitch McConnell the bill that is going to be signed into law.’ That is not what's going to happen."

  • "What happened is Manchin handed him a bill, and that bill looks a lot like what we've been arguing over since April. If you take the 'modsquad' bill and set it down on a table next to our bill from a couple of weeks ago that the president endorsed, you'll see there are a lot of policies that overlapped," the aide said.
  • The aide also acknowledged that "there's a very high likelihood that almost all" of the provisions in the bipartisan group's $748 billion bill will be reflected in the final package because "it's not that different" from what both parties have supported already.

What's next: The people who make the final call — House Speaker Nancy Pelosi, McConnell, Senate Minority Leader Chuck Schumer and House Minority Leader Kevin McCarthy — will meet Tuesday afternoon. Treasury Secretary Steven Mnuchin will join by phone.

The full Axios Re:Cap interview with Sen. Manchin can be found here. Subscribe here.

How the tech stock selloff is hurting average Americans

Data: FactSet; Chart: Axios Visuals

Investors holding the ultra-popular Nasdaq 100 and S&P 500 index funds have been hard hit over the last two weeks as tech shares have been roiled by rising U.S. Treasury yields.

Why it matters: Even though the economy is growing and many U.S. stocks are performing well, most investors are seeing their wealth decline because major indexes no longer reflect the overall economy or even a broad swath of public companies — they reflect the performance of a few of the country's biggest companies.

Keep reading... Show less

UN human rights chief: At least 54 killed, over 1,700 detained since Myanmar coup

Police and military officers in Myanmar have killed at least 54 people during anti-coup protests, while "arbitrarily" detaining over 1,700 people, United Nations Human Rights Commissioner Michelle Bachelet said Thursday.

Why it matters: Protesters have demonstrating across Myanmar for nearly a month, demanding the restoration of democracy after the country's military leaders overthrew its democratically elected government on Feb. 1.

Keep reading... Show less

The U.S. may be setting itself up for a fourth coronavirus wave

Data: The COVID Tracking Project, state health departments; Note: Anomalous Arkansas case data from Feb. 28 was not included in the calculated change; Map: Andrew Witherspoon/Axios

The U.S. may be on the verge of another surge in coronavirus cases, despite weeks of good news.

The big picture: Nationwide, progress against the virus has stalled. And some states are ditching their most important public safety measures even as their outbreaks are getting worse.

Keep reading... Show less

Sidewalk robots get legal rights as "pedestrians"

As small robots proliferate on sidewalks and city streets, so does legislation that grants them generous access rights and even classifies them, in the case of Pennsylvania, as "pedestrians."

Why it matters: Fears of a dystopian urban world where people dodge heavy, fast-moving droids are colliding with the aims of robot developers large and small — including Amazon and FedEx — to deploy delivery fleets.

Keep reading... Show less

The biggest obstacle to a wealth tax

Taxing the rich is an idea that's back. An "ultra-millionaire tax" introduced by Elizabeth Warren and other left-wing Democrats this week would raise more than $3 trillion over 10 years, they say, while making the tax system as a whole more fair.

Why it matters: New taxes would be a necessary part of any Democratic plan to redistribute wealth and reduce inequality. But President Biden has more urgent priorities — and Warren's wealth tax in particular faces constitutional obstacles that make it a hard sell.

Keep reading... Show less

House passes For the People Act to expand voting rights

The House voted 220-210Wednesday to pass Democrats' expansive election and anti-corruption bill.

Why it matters: Expanding voting access has been a top priority for Democrats for years, but the House passage of the For the People Act (H.R. 1) comes as states across the country consider legislation to rollback voting access in the aftermath of former President Trump's loss.

Keep reading... Show less

House passes George Floyd Justice in Policing Act

The House voted 220-212onWednesday evening to pass a policing bill named for George Floyd, the Black man whose death in Minneapolis last year led to nationwide protests against police brutality and racial injustice.

Why it matters: The legislation overhauls qualified immunity for police officers, bans chokeholds at the federal level, prohibits no-knock warrants in federal drug cases and outlaws racial profiling.

Keep reading... Show less

Republicans are demanding a full 600-page reading of Biden’s COVID relief bill

Republicans are demanding a full, 600-page bill reading — and painful, multi-hour "vote-a-rama" — as Democrats forge ahead with their plan to pass President Biden's $1.9 trillion COVID-19 relief package.

Why it matters: The procedural war is aimed at forcing Democrats to defend several parts the GOP considers unnecessary and partisan. While the process won't substantially impact the final version of the mammoth bill, it'll provide plenty of ammunition for future campaign messaging.

Keep reading... Show less



Get Goodhumans in your inbox

Most Read

More Stories