Bipartisan group of senators prepares $908B stimulus plan, aiming to break logjam

The plan set to be released by the bipartisan group seeks to reach a middle ground on numerous contentious economic issues. It would provide $300 per week in federal unemployment benefits — a lower amount than the $600 per week sought by Democrats, while still offering substantial relief to tens of millions of jobless Americans — for four more months. The agreement includes $240 billion in funding for state and local governments, a key Democratic priority opposed by most Republicans, as well as a six-month moratorium on some coronavirus-related lawsuits against firms and other entities — a key Republican priority opposed by most Democrats.

Aides close to the effort described details as fluid and subject to change.

The effort still faces enormous hurdles, and most congressional aides are skeptical the push will successfully turn into new legislation. President Trump’s negotiators have remained at odds for months with House Speaker Nancy Pelosi (D-Calif.) over multiple critical aspects of stimulus legislation, while Senate Republicans led by Senate Majority Leader Mitch McConnell (R-Ky.) were broadly uncomfortable with the amount of spending pushed at times by the White House.