<p>Speaker of the House Nancy Pelosi (D-CA) and Senate minority leader Chuck Schumer (D-NY) spent their extended recess working on a &#8220;multi-trillion dollar&#8221; &#8220;Rooseveltian&#8221; fourth coronavirus relief package that they&#8217;re set to unveil as early as next week, signaling the start of a major battle between Democrats and Republicans over yet another massive government spending bill.</p>
<p>Pelosi commanded Democratic leadership to submit &#8220;wish lists&#8221; to her office earlier this week, telling House committee leaders and other key lawmakers to &#8220;think big&#8221; on relief projects. As a result, she and Schumer have, <a href="https://www.foxnews.com/politics/house-pushes-forward-with-massive-coronavirus-relief-bill">Fox News reports</a>, compiled the &#8220;most far-reaching effort yet to address the economic fallout of the pandemic&#8221; &#8212; a &#8220;legislative laundry list&#8221; that will likely dwarf the $2.2 trillion CARES Act, which passed back in March.</p>
<p>&#8220;We&#8217;re looking at a multitrillion-dollar bill,&#8221; one legislator told the network.</p>
<p>Schumer expanded on that assessment, comparing the draft bill to President Franklin Delano Roosevelt&#8217;s New Deal, designed to address the massive economic fallout of the Great Depression.</p>
<p>“We need big, bold action,&#8221; Schumer told MSNBC Thursday, adding that Democrats &#8220;are working very closely together on putting together a very strong plan, which you will hear shortly.”</p>
<p>“We need Franklin Rooseveltian-type action and we hope to take that in the House and Senate in a very big and bold way,” he added.</p>
<p>Senate Majority Leader Mitch McConnell (R-KY) has been clear that he will not support the passage of yet another mega-spending bill, at least until he and others can be sure that such a bill will not have a disparate impact on the already shaky American economy. He&#8217;s also flat-out refused to allow Democrats to include bailouts for states like Illinois, whose financial difficulties long predate the novel coronavirus.</p>
<p>Democrats say they intend to make &#8220;relief funds&#8221; for states and municipalities a key feature of the next package and Fox News says &#8220;just the aid alone to hard-hit states and local governments could reach nearly $1 trillion,&#8221; based on statements Pelosi made to her caucus last week.</p>
<p><a href="https://www.rollcall.com/2020/05/05/details-start-to-emerge-about-house-democrats-coronavirus-relief-bill/">Roll Call reports</a> that there are some key details beginning to emerge about the bill, even though Pelosi and Schumer say they won&#8217;t make the text available until at least next week. In its current state, the bill expands greatly on the Paycheck Protection Program that provides forgivable- and low-interest loans to qualifying small businesses, but eliminates the requirement that companies spend 75% of the loan funds on payroll.</p>
<p>The bill also reportedly sets aside a whopping $25 billion to bail out the United States Postal Service, and creates a fund for handouts to theaters, museums, landmarks, and others cultural services &#8212; a controversial part of Pelosi&#8217;s last draft relief package &#8212; that could total more than $10.5 billion.</p>
<p>Other Dems, like Rep. Alexandria Ocasio-Cortez, are pushing for a minimum $2,000-per-person monthly living stipend for most Americans.</p>
<p>The full bill is expected to be made public next week.</p>
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Pelosi, Schumer Set To Unveil Multi-Trillion Dollar, ‘Rooseveltian’ Coronavirus Relief Package