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McConnell: Standalone bill on $2,000 checks has "no realistic path to quickly pass Senate"

Senate Majority Leader Mitch McConnell (R-Ky.) said on Wednesday he does not see a "realistic path to quickly pass" a House-approved standalone measure for $2,000 stimulus checks, despite calls from President Trump for increased payments.

Why it matters: The move effectively kills any pathway to pass the bill before the end of the the 116th Congress.


What he's saying: McConnell said he has no intention of splitting apart a broader package that combines the checks with Trump's other demands on an election fraud commission and the repeal of legal protections for tech companies — two no-gos for Democrats.

  • "The Senate is not going to split apart the three issues that President Trump linked together just because Democrats are afraid to address two of them," the leader said from the Senate floor.
  • "The Senate is not going to be bullied to rushing out more borrowed money into the hands of Democrats' rich friends that don't need the help," he added.

Between the lines: Trump has been at war with McConnell for days over the president and Democrats' push to raise stimulus checks from $600 to $2,000.

  • Earlier this week, 44 House Republicans joined the majority of Democrats to pass the House's standalone measure.
  • Some Republicans have coalesced around Trump's bid for increased checks, including Georgia Sens. Kelly Loeffler and David Perdue, who have runoff elections next week.
  • Fellow GOP Sens. Josh Hawley (Mo.), Marco Rubio (Fla.) and Lindsey Graham (S.C.) have also publicly supported the raise.

Go deeper: Trump slams McConnell for blocking vote on $2,000 stimulus checks

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A smaller PPP safety net for Latino businesses

Adapted from an SLEI report through Stanford University; Chart: Axios Visuals

An analysis of more than 5 million loans given out through the Paycheck Protection Program has found stark inequalities for Latino, Black and Asian people in how the critical funds were doled out.

The big picture: Neighborhoods with high Latino populations in places like Los Angeles, New York, Phoenix and San Diego got half as many loans than white non-Hispanic zones, according to reporting from Reveal News and The Los Angeles Times.

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