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.