Senate Republicans say they expect to vote next week on the third coronavirus funding package as they race to negotiate and draft the bill.
Talk of voting on “phase three” comes before the Senate has even passed the second coronavirus package, which is expected to clear the chamber later Wednesday.
“I do think the vote will be next week on phase three,” Sen. Roy BluntRoy Dean BluntGOP hopes spending traps derail Biden agenda A tale of two chambers: Trump's power holds in House, wanes in Senate The Hill's Morning Report - Presented by AT&T - Senate passes infrastructure bill, budget resolution; Cuomo resigns MORE (R-Mo.) told reporters.
Sen. John CornynJohn CornynDemocrats make case to Senate parliamentarian for 8 million green cards Democrats to make pitch Friday for pathway to citizenship in spending bill Without major changes, more Americans could be victims of online crime MORE (R-Texas), an adviser to Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnell'Justice for J6' rally puts GOP in awkward spot Republicans keep distance from 'Justice for J6' rally House to act on debt ceiling next week MORE (R-Ky.), said he expected senators would work through the weekend so they could be ready to vote “early next week.”
The quick timeline comes as the task forces set up by McConnell to craft the bill are expected to turn over their work by Thursday, a first step to an eventual vote.
McConnell told reporters after a closed-door lunch that Republicans were "getting close" and "hoping to be together shortly."
What will be in the legislation remains in flux but lawmakers are under pressure to move quickly as the growing coronavirus outbreak has cratered the economy, with stocks falling and businesses across sectors having to limit their operations or close altogether.
The White House is pitching a package that will top $1 trillion and is expected to include financial assistance for Americans and help for industries and business affected by the outbreak.
Sen. Mike RoundsMike RoundsThe 19 GOP senators who voted for the T infrastructure bill Senate passes T bipartisan infrastructure bill in major victory for Biden Senate votes to end debate on T infrastructure bill MORE (R-S.D.) characterized the Senate GOP's ideas as "modifications" to the Treasury proposal.
Once Senate Republicans turn over their own proposals, they still need to get on the same page as the White House, start negotiations with Democrats and draft actual legislation, which could take days.
"It's going to take a little while obviously, we've got to get together, we have to get the Democrats on board, the administration on board and eventually a four corners deal with House ... so there's several steps along the way here," said Sen. John Thune (S.D.), the No. 2 Senate Republican. "I would suspect this pushes probably at least through the weekend and probably into some time next week."
Senate Republicans are looking at help for impacted industries as well as for individuals — including cash payments — and small businesses harmed by the gloomy economic outlook.
“Everyone agrees that workers need relief. Republicans are working on bold solutions to help individuals and families as we speak. But small businesses need relief too,” McConnell said.
McConnell said, unlike the negotiations on the second bill, he first wants Senate Republicans to get a deal amongst themselves and with the White House and then negotiate with Democrats.
Speaker Nancy PelosiNancy PelosiRepublicans caught in California's recall trap Raise the debt limit while starting to fix the budget 'Justice for J6' organizer calls on demonstrators to respect law enforcement MORE (D-Calif.) and Treasury Secretary Steven MnuchinSteven MnuchinMenendez, Rubio ask Yellen to probe meatpacker JBS The Hill's Morning Report - Presented by Goldman Sachs - Biden rallies Senate Dems behind mammoth spending plan Mnuchin dodges CNBC questions on whether Trump lying over election MORE negotiated the second package which has garnered strong opposition within the Senate GOP caucus.
"We are trying to reach an agreement among ourselves as to what Senate Republicans and the administration favor doing next," McConnell said on Tuesday.
—Updated at 3:12 p.m.