- President Donald Trump on Wednesday urged Republicans to send stimulus checks over $ 1,200 to help prop up the coronavirus-ravaged economy.
- "Go for the much higher numbers, Republicans, it's all coming back to the US (one way or another!) Anyway," he said.
- A second round of direct payments is one of the few areas where Republicans, Democrats and Trump all agree.
- However, that measure has been left out in the GOP's recent proposal to relieve the coronavirus, which the Democrats were blocking.
- Negotiations between Democrats and Republicans over another stimulus package have stalled for over a month.
- You can find more stories on the Business Insider homepage.
President Donald Trump on Wednesday urged Republicans to support major stimulus measures to prop up an economy still ravaged by the pandemic.
"Go for the much higher numbers, Republicans, it's all coming back to the US (one way or another!) Anyway," he said in a tweet.
– Donald J. Trump (@realDonaldTrump) September 16, 2020
He also accused the Democrats of being "heartless" and refusing to give people any more direct payment, despite the fact that the measure was left out of the GOP's recent proposal to relieve the coronavirus.
A senior administrator told Business Insider that the president was referring to direct payments.
Continue reading: Morgan Stanley says the future of the stock market is "unusually dependent" on another stimulus package – and recommends 5 portfolio moves if Congress passes another round
In March, Congress approved $ 1,200 stimulus checks and an additional $ 500 per child under the age of 17 through the CARES bill. Republicans, Democrats and Trump all support additional direct payments in the next coronavirus bailout package, among the few areas where there is consensus.
At the end of July, the GOP initially added additional provisions to its expenditure package. However, this was not the case in their latest proposal.
Trump's remarks come from the fact that Republicans and Democrats have been bogged down in approving another economic aid package. Nearly 30 million Americans still have unemployment benefits, and many economists are warning of a "K-shaped" recovery that will see wealthy people rise to the top and average people behind.
Pressure is mounting on lawmakers to act before they return to their districts for the October break early next month.
Senate Republicans last week unveiled a slimmed-down stimulus plan that included $ 300 billion in new spending on $ 300 weekly unemployment benefits – half what the Democrats were looking for – plus small business aid and new education funding.
But the Democrats blocked it, arguing the plan was "emaciated" and left out many of the measures they sought, such as federal support for states and assistance with leasing. You're aiming for new government spending of at least $ 2.2 trillion.
A group of 50 House lawmakers on Tuesday unveiled a bipartisan relief plan to kickstart negotiations between the Democrats and the White House last month. However, a group of democratic committee chairmen criticized this as insufficient.
Democratic MPs Alexandria Ocasio-Cortez said Politico recently Democrats should continue to campaign for a sweeping Republican economic recovery deal – one that includes direct payments, state aid and substantial public health funding.