Congress heads toward a coronavirus aid cliff
| EDITOR'S NOTE
Hello,
This is CNBC.com politics reporter Jacob Pramuk, in for politics editor Mike Calia.
The coronavirus stimulus stalemate on Capitol Hill persists. As an infection surge brings fresh economic pain, calls for party leaders to yield ground and strike a deal have grown louder.
A bipartisan group of lawmakers unveiled a $908 billion aid proposal to address small business loans, state and local aid and unemployment benefits, among other issues. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell may not embrace the plan. However, it puts pressure on them to send help before lifelines buoying Americans lapse at the end of the year.
President-elect Joe Biden is also planning how he will boost the economy when he takes office next month. The effort starts with a newly formed economic team headlined by Treasury Secretary nominee Janet Yellen, the former Fed chair who has called for more fiscal relief throughout the pandemic.
As Biden's team prepares for his inauguration, President Trump finds it ever harder to deny his rival's victory in the 2020 election. Swing states Arizona and Wisconsin certified the Democrat's win. Pennsylvania and Michigan already did the same.
The developments have not stopped the president's campaign from making more baseless allegations of voter fraud.
Thoughts? Email Mike Calia at CNBCPolitics@nbcuni.com.
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