9/29, 12:56 AM (Source: TeleTrader)
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Pelosi unveils reduced $2.2T coronavirus aid bill

House Speaker Nancy Pelosi unveiled on Monday the Democrats' proposal for the country's fourth coronavirus stimulus bill worth $2.2 trillion, claiming that Democratic leaders "are making good on our compromise with this updated" Heroes Act.

The bill "includes new funding needed to avert catastrophe for schools, small businesses, restaurants, performance spaces, airline workers and others" affected by the coronavirus pandemic, Pelosi said in a letter to Democratic lawmakers. "We have been able to make critical additions and reduce the cost of the bill by shortening the time covered for now," she underscored.

According to the Speaker's office, Pelosi is set to meet with US Treasury Secretary Steven Mnuchin on Tuesday to continue talks on the country's next aid package.

Breaking the News / GA