President had urged individual stand-alone funding.
House Speaker Nancy Pelosi of California said on Thursday she would not agree to a stand-alone bill that would assist the airline industry, requiring instead a broader relief package that addresses public health, unemployment, and aid for state and local governments.
The aid to state and local governments, viewed by the administration as “bail-outs” for states with bad fiscal policies, has been the downfall of getting to any additional stimulus relief in negotiations between the speaker and Treasury Secretary Mnuchin.
Speaker Pelosi said, “I have been very open to having a stand-alone bill on the airlines or part of a bigger bill. But there is no stand-alone bill without a bigger bill. There is no bill.”
The airline industry has been particularly hard hit by the pandemic and began mass layoffs last week.
As the Lord Leads, Pray with Us…
- For good-faith negotiations to resume between Secretary Mnuchin and Speaker Pelosi.
- For those in need of additional coronavirus relief.
- For the 840,000 airline and 28,860 and more theme park employees who have been laid off in the past week.
- For the U.S. economy should no additional stimulus package be agreed upon.
Sources: Axios, Los Angeles Business Journal
