On The Money: Top Democrat says party flexible on unemployment benefits | GOP leader wants FBI money out of relief bill

On The Money: Top Democrat says party flexible on unemployment benefits | GOP leader wants FBI money out of relief bill
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THE BIG DEAL — Hoyer says Dems flexible on jobless benefits: 'It's not $600 or bust'

House Majority Leader Steny HoyerSteny Hamilton HoyerOn The Money: Pessimism grows as coronavirus talks go down to the wire | Jobs report poised to light fire under COVID-19 talks | Tax preparers warn unemployment recipients could owe IRS Overnight Health Care: Ohio governor tests positive for COVID-19 ahead of Trump's visit | US shows signs of coronavirus peak, but difficult days lie ahead | Trump: COVID-19 vaccine may be ready 'right around' Election Day Pessimism grows as coronavirus talks go down to the wire MORE (D-Md.) said Tuesday that Democrats are not insisting $600 federal unemployment payments be included in the massive coronavirus relief package under negotiation between the two parties.

In a CNN interview, Hoyer hammered the $1 trillion emergency relief package, unveiled Monday by Senate Republicans, as grossly inadequate for meeting the health and economic needs of a country that's been ravaged on both fronts.

The GOP measure includes a $200 weekly bump above state unemployment insurance benefits — a third of the additional federal payment included in the $2.2 trillion CARES Act, which passed with overwhelming bipartisan support in late March.

Yet Hoyer also indicated that Democrats, while opposed to the $200 figure, aren't married to the initial $600, either.

"It's not $600 or bust," he said on CNN's "New Day" program. "Speaker [Nancy] Pelosi [D-Calif.] said the other day, which I thought was a great line, 'We don't have red lines. We have values. And we're going into these negotiations with values.'"

Read more from The Hill’s Mike Lillis here.

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More on what Democrats are saying about the Republican coronavirus relief proposal:

 

LEADING THE DAY – McConnell wants FBI money out of coronavirus bill

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellCoronavirus talks on life support as parties dig in, pass blame Jobs report poised to light fire under COVID-19 talks Overnight Health Care: Ohio governor tests positive for COVID-19 ahead of Trump's visit | US shows signs of coronavirus peak, but difficult days lie ahead | Trump: COVID-19 vaccine may be ready 'right around' Election Day MORE (R-Ky.) says he wants the $1.75 billion in funding for a new FBI headquarters in downtown Washington removed from the GOP's coronavirus relief package.

Speaking to reporters on Tuesday, McConnell said he hopes that provision and other “non-germane” items will be removed from the legislation before it’s sent to President TrumpDonald John TrumpBiden says his faith is 'bedrock foundation of my life' after Trump claim Coronavirus talks on life support as parties dig in, pass blame Ohio governor tests negative in second coronavirus test MORE’s desk.

“I am opposed to non-germane amendments, whether it’s funding for the FBI building or, for example, in the House bill, whether it’s a tax cut for high-income earners in blue states or other non-germane amendments in the House bill like marijuana studies or aid to illegal immigrants,” McConnell told reporters after GOP senators met for lunch with Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows, who are involved in negotiations with congressional Democrats on the COVID-19 package.

The Hill’s Alexander Bolton has more about McConnell’s comments here.

Related: GOP senators question inclusion of FBI funding in coronavirus bill

 

Biden rolls out plan to combat racial inequity in economy 

Former Vice President Joe BidenJoe BidenBiden says his faith is 'bedrock foundation of my life' after Trump claim Biden clarifies comments comparing African American and Latino communities Kanye West may have missed deadline to get on Wisconsin ballot by minutes: report MORE's presidential campaign rolled out his plan to combat racial inequity in the nation's economy on Tuesday as a part of his wide-ranging "Build Back Better" economic plan. 

The latest economic proposal focuses on improving racial equity for communities of color who have dealt with longstanding economic inequality and fallout over the coronavirus pandemic. 

The Hill’s Julia Manchester has more information about the plan here.

 

CHECK OUT THE HILL’S UPCOMING EVENT:

American Resilience: The Future of Small Business – Thursday, July 30 

Small businesses are fundamental to the idea of America. What steps should be taken to ensure that businesses that really need the help are receiving aid, particularly minority-owned businesses that are often overlooked?  On Thursday, July 30, The Hill Virtually Live hosts a discussion on public and private efforts to support America’s entrepreneurs featuring Sen. Jeanne ShaheenCynthia (Jeanne) Jeanne ShaheenThe Hill's Coronavirus Report: GoDaddy CEO Aman Bhutani says DC policymakers need to do more to support ventures and 'solo-preneurs'; Federal unemployment benefits expire as coronavirus deal-making deadlocks Overnight Defense: Pompeo pressed on move to pull troops from Germany | Panel abruptly scraps confirmation hearing | Trump meets family of slain soldier Shaheen, Chabot call for action on new round of PPP loans MORE and Rep. Steve ChabotSteven (Steve) Joseph ChabotHouse Republicans introduce legislation to give states 0 million for elections Bottom line The Hill's Coronavirus Report: GoDaddy CEO Aman Bhutani says DC policymakers need to do more to support ventures and 'solo-preneurs'; Federal unemployment benefits expire as coronavirus deal-making deadlocks MORE. RSVP today: smallbusinessresilience.splashthat.com/thehill

 

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GOOD TO KNOW:

 

FROM THE HILL’S OPINION SECTION:

Donald Trump’s double dip recession, by Desmond Lachman, a resident fellow at the American Enterprise Institute.

The hustle of digital microbusinesses is helping communities survive the pandemic, by Aman Bhutani, chief executive officer of GoDaddy.

COVID-19 flipped the market on its head, but your financial goals don't have to be, by David Flores Wilson, a managing partner at Sincerus Advisory.