December 1st, several senators from both parties announced the framework of what they called the bipartisan and bicameral coronavirus emergency relief plan, with an estimated allocation of $908 billion to help Americans affected by the coronavirus epidemic.
“It’s inexcusable that we left Congress without an agreement,” said one member of the negotiations, “that plan will allow us to survive the most difficult times.” Relevant parliamentarians said that discussions had been held with Finance Minister Mnuchin, but Mnuchin himself had not intervened. But later that day, Senate Majority Leader McConnell opposed the policy of more than $900 billion.
McConnell told reporters: “Congress has no time to waste. There must be a more targeted bailout bill.” Recently, Congress is discussing federal funding, and McConnell expects that the relief bill may be pushed forward with the federal government appropriation bill. Affected by the $900 billion framework plan, the U.S. stock market rose that day.