COVID 5

07/21/2020

  • The term COVID 5 is now starting to emerge as the designation for this phase. This could or will evolve when a legislative title is assigned. But, for now we will continue to refer to it as Phase Five or COVID 5.

  • Some were expecting a copy of the Republican COVID 5 relief plan early to the middle part of this week. That seemingly is not going to happen. It probably should have sounded unrealistic from the start of this week.

  • For now, Senate Majority Leader Mitch McConnell has confirmed that another round of PPP and more direct payments will be in the Republican bill. McConnell also said $105 billion will be included for schools. We are still not expecting anything for states in this GOP bill.

  • Once the Republicans get on the same page, they must negotiate with the Democrats.

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