Let’s Try This Again: White House Has New Idea For COVID Relief
The Trump administration wants to repurpose about $130 billion in unused funding from the Paycheck Protection Program.
The Washington Post:
Trump Pivots Again On Stimulus Talks After Bipartisan Backlash
The White House again pivoted its approach to stimulus negotiations on Sunday, with the president’s aides pushing for immediate action on a narrow measure after the administration’s $1.8 trillion proposal was rebuffed by members of both parties. In a letter to Congress sent Sunday, White House Chief of Staff Mark Meadows and Treasury Secretary Steven Mnuchin asked lawmakers to first pass legislation allowing the Trump administration to redirect about $130 billion in unused funding from the Paycheck Protection Program intended for small businesses while negotiations continue on a broader relief effort. (Stein and Werner, 10/11)
Politico:
Meadows And Mnuchin Urge Repurposing PPP Money Amid Stimulus Wrangling
Top Trump administration officials are calling on lawmakers to pass legislation to redirect unused funding from a small-business lifeline, the latest salvo in a week of twists and turns in talks between the White House and congressional leaders on a new round of coronavirus stimulus. “Now is the time for us to come together and immediately vote on a bill to allow us to spend the unused Paycheck Protection Program funds while we continue to work toward a comprehensive package,” White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin wrote in a letter on Sunday to members of the House and Senate. “The all-or-nothing approach is an unacceptable response to the American people.” (O'Brien, 10/11)
In related news —
The Hill:
Advocates Plead For Housing Aid As Eviction Cliff Looms
A potentially dire housing crisis could erupt if the Trump administration and Congress fail to reach a deal on further coronavirus relief that includes eviction protections and substantial rent assistance, experts warn. The Centers for Disease Control and Prevention (CDC) issued a sweeping eviction ban last month in an unprecedented flex of its emergency authorities, but the moratorium stands on shaky legal ground — and only runs through the end of the year. (Lane, 10/11)
