Joe Biden's transition team denied Monday that the president-elect's advisors had urged Democratic Congress leaders to agree to a smaller coronavirus stimulus package in order to get more relief now.
In public statements, the former Vice President has repeatedly endorsed the efforts of House Speaker Nancy Pelosi, D-Calif., And Senate Minority Chairman Chuck Schumer, DN.Y., to pass an Aid Bill that would require at least 2 . $ 2 trillion. However, a New York Times report on Monday said Biden's team has urged Democrats to reach an agreement with Republicans as soon as possible to contain the mounting economic damage from the outbreak, even if that means the price they want to lower.
Biden spokesman Andrew Bates called the report "wrong". In a statement to NBC News, he said the president-elect "fully supports the spokesman and leader in their negotiations".
The leaders of the Democratic House and the GOP-controlled Senate have not had any formal business cycle talks since the November 3rd elections. Neither side gave in as Republicans are calling for roughly $ 500 billion in spending – far less than the Democrats want.
Congress has not approved any new aid in months as the parties describe radically different visions of what the economy and healthcare system need to recover from the pandemic. Republicans have been touting economic recovery in the US for the past few months, though advances are likely to be successful as states and cities put restrictions in place to stem the rise in infections.
The prospect of many Americans holding their usual Thanksgiving celebrations as the virus overwhelms hospitals has raised even more concern among health officials.
Last month, the Democrats passed a $ 2.2 trillion stimulus package that added $ 600 a week in unemployment benefits, $ 1,200 direct payment to most Americans, more than $ 400 billion State and local facilities as well as another round of small business loans included the Paycheck Protection Program. While a $ 500 billion plan the Senate GOP tried to pass last month included PPP funding, it offered lower unemployment benefits of $ 300 a week and didn't include a second stimulus check.
Congress won't return from its Thanksgiving break until next week. Then the heads of state and government will deal with passing a government funding law by December 11th.
Legislators would face a challenge to reach a business cycle compromise before Biden takes office on Jan. 20.
It can then also prove to be a difficult task. While the Democrats will hold the house next year, two runoff elections in Georgia in January will determine whether the Republicans retain control of the Senate.
After Biden and Vice President-elect Kamala Harris partnered with Pelosi and Schumer on Friday, Democrats said they had "agreed that Congress must pass a bipartisan emergency package at the Lame Duck session" before Biden takes office To meet.
They said, "This package should include resources to fight the COVID-19 pandemic, help to working families and small businesses, support to state and local governments trying to keep workers on the front line on the payroll, expanded unemployment insurance and affordable." Health care for millions of people involves families. "
Pelosi and Schumer have called on Senate Majority Leader Mitch McConnell, R-Ky., To resume talks on a stimulus plan. The Senate Top Republican has repeatedly stated that the Democrats have taken action that is not necessary to combat the crisis.
Some of the economic relief provisions implemented by the federal government at the beginning of this year expire at the end of December. This includes a measure that will allow many Americans to qualify for long-term unemployment insurance, as well as facilities for borrowers and student loan tenants.
Subscribe to CNBC on YouTube.