State and Local Aid is Key Roadblock, Says COS Meadows, But Offers $300 Billion
This morning, White House Chief of Staff Mark Meadows said during a CNBC interview the biggest stumbling block to a larger COVID-19 fifth phase compromise is the $915 billion of relief the Democrats are asking to use toward state and local governments. He says that number is not “based on reality.
Instead, the White House would like to see additional flexibility added to the $150 billion already allocated for state and local governments under the CARES Act. COS Meadows also believes that it is realistic to authorize another $150 billion of direct aid for state and local entities.
Meadows stressed that real progress is being made toward a larger compromise. He hopes a bill could be put forth for consideration by the Senate as early as next week after lawmakers return to the Beltway.