SPONSORED:

Biden backs $900B compromise coronavirus stimulus bill

President-elect Joe BidenJoe BidenHouse Democrat touts resolution to expel Marjorie Taylor Greene from Congress Science denialism in the new administration Jill Biden to offer input on helping reunite separated immigrant families: report MORE on Thursday described the $900 billion congressional stimulus proposal as a “good start” and said he believed Congress should pass it.

“That would be a good start. It’s not enough,” Biden said during a Thursday interview with CNN host Jake TapperJacob (Jake) Paul TapperOfficials brace for second Trump impeachment trial Sunday shows - Capital locked down ahead of Biden's inauguration Durbin says he won't whip votes for Trump's second impeachment trial MORE.

“I think it should be passed,” Biden continued. “I’m going to ask for more … when we get there to get things done.”

ADVERTISEMENT

Congressional leaders have failed to reach an agreement on another round of stimulus after months of negotiations with the White House.

A bipartisan group of lawmakers earlier this week unveiled a $908 billion compromise bill amid increasing pressure on Congress to pass a stimulus package to help businesses and American workers affected by the coronavirus-induced economic recession.

The measure is lower than the $2.2 trillion proposal embraced by House Democrats and higher than the $500 billion measure backed by Senate Republicans.

Negotiations picked up steam on Thursday as Speaker Nancy PelosiNancy PelosiOn The Money: Reddit traders cause Wall Street havoc | Powell: Inflation fears should not impede more coronavirus aid | NJ lawmakers press for SALT cap repeal in next relief package Pelosi asks Democrats to 'write their stories' of Capitol riot Bringing America back from the brink MORE (D-Calif.) and Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellHouse Democrat touts resolution to expel Marjorie Taylor Greene from Congress Bringing America back from the brink Senate GOP slow walking Biden's pick to lead DHS MORE (R-Ky.) held talks about reaching a deal.

Trump also signaled Thursday that he would sign a coronavirus relief deal if Congress could pass one by year’s end.

"I want it to happen, and I believe they're getting very close to a deal," Trump told reporters in the Oval Office after awarding the Presidential Medal of Freedom to former football coach Lou Holtz.

ADVERTISEMENT

Biden has called on Congress to pass a relief measure during the lame-duck session, but acknowledged it would likely fall short of the amount needed to help prop up the ailing economy amid the pandemic, which is surging across the country.

During an event where he unveiled his economic team on Tuesday, Biden said that "any package passed in lame-duck session is — at best — just a start."

Biden on Thursday said that lawmakers should pass a deal that provides immediate assistance in the form of unemployment assistance and mortgage payment and rent relief.