Senator Marco Rubio on Pelosi Mnuchin coronavirus stimulus talks
Senator Marco Rubio told CNBC on Thursday that he was ready to support a more expensive coronavirus stimulus package than he would like, as failure to provide financial relief to Americans and U.S. companies poses a greater risk to the U.S. economy.
“Nobody is going to get everything they want here, and from my point of view that means the bill is likely to be higher than I want it to be, and I’m very uncomfortable with it,” the Florida Republican said on “Squawk Box . “
However, he added, “I think the price of not doing something is even higher. As long as it’s limited in some way, as long as it’s not insane, I’m willing to be flexible because I think that’s that is. ” important.”
Rubio’s comments came a day after Senate Democrats again blocked efforts by Republicans in the chamber to pass a $ 500 billion coronavirus relief bill that included additional funding for the paycheck protection program. Democrats say it doesn’t offer enough help.
House Speaker Nancy Pelosi, D-Calif., Continues to negotiate with Treasury Secretary Steven Mnuchin over a larger stimulus package as millions of Americans remain unemployed during the pandemic. The two are expected to speak again on Thursday to see if they can narrow their differences and reach an agreement before the November 3rd elections. The House Democrats recently passed a $ 2.2 trillion bill, while the White House tabled a nearly $ 1.9 trillion proposal.
The leaders of Pelosi and Democratic have consistently spoken out against GOP proposals for so-called Skinny Stimulus Bill. Given the magnitude of the economic and health impact of the pandemic, a broader and more expensive law needs to be claimed.
In contrast, Senate Majority Leader Mitch McConnell, R-Ky., Warned that approving a deal costing more than $ 2 trillion before the election could create divisions within the GOP caucus. “There are clearly Republicans in the Senate who are not voting for a deal that is $ 1.6 trillion, $ 1.8 trillion,” said Rubio, chairman of the small business and entrepreneurship committee.
While he said he would not be “happy” about that price tag either, “I am ready to vote for things that I am not for, for the things that I consider essential and important to our country, within reason.” to pass on. ” . “
Rubio expressed concern about small businesses struggling to keep their doors open and Americans facing challenges in housing construction. He also warned that “we haven’t seen the worst in some cities and counties” as they face budget gaps due to falling tax revenues.
“Ultimately, we run the risk of structural damage to components of our economy here if we do nothing,” he said. “I’m more optimistic that we’ll agree on incentives. I don’t know if it’s just because of the calendar and some time constraints before the elections.”