HomeFinanceNext stimulus package from feds could be much smaller than Murphy wants

Next stimulus package from feds could be much smaller than Murphy wants

The U.S. Senate is set to reconvene Tuesday. Gov. Phil Murphy implored it to get back to work — and get back to task of delivering aid to states.

Murphy, speaking at his COVID-19 briefing Friday, hours before the Labor Day Weekend began, directed his ire at Senate Majority Leader Mitch McConnell (R-Ky.).

“Our states need help — or our recovery as a nation will be even more stalled, and when that happens, that’s on you,” Murphy said. “Sit down with (House) Speaker (Nancy) Pelosi and (Minority Leader) Sen. (Chuck) Schumer and get this done.”

That potential conversation — and negotiation — may not meet Murphy’s wants.

Before the Senate took its annual August break, House Democrats had proposed a $3.4 trillion stimulus plan to help Americans recover from the virus. McConnell and other Republicans opposed this plan for including proposals that were unrelated to COVID-19.

In a recent interview with PBS, Senate GOP Conference Chairman John Barrasso (R-Wyo.) said he expects McConnell to reveal a “skinnier” COVID-19 relief plan sooner rather than later.

“We have a focused, targeted solution that we hope that the House would pass and the House would agree to,” Barrasso said. “(The legislation is) focused on getting people back to work, getting kids back to school.”

The new bill is estimated to be somewhere between $500 billion and $700 billion, which is a noteworthy drop from the Democrats’ most recent, lowered request of $2.2 trillion.

Murphy believes governors from across the country have held up their end of the bargain when it comes to protecting their states from COVID-19. Now, it’s up to Congress.

“My fellow governors and I — both Republicans and Democrats — have had to take painful and unprecedented actions to save lives and protect public health,” Murphy said. “We put so much on the line, and it has cost our states dearly. Washington must step up to meet this challenge. Washington must step up to help us pull through.”

McConnell, at a recent event at Logan Memorial Hospital in Russellville, Kentucky, said he is pessimistic that the White House and Congress would be able to agree upon another relief package.

“I don’t know if there will be another package in the next few weeks or not,” McConnell said. “We’re giving it our best. … The cooperative spirit we had in March and April has dissipated as we’ve moved closer and closer to the election.”

Murphy continued to chastise McConnell on Friday, saying Congress is focused too much on trying to achieve bipartisan support, and not on stopping the virus.

“Sen. McConnell, this is not about politics,” Murphy said. “It’s about the survival of the programs that millions of Americans, including in your home state of Kentucky, are relying upon for their survival.”

Related Articles

Haven Savings Bank president and CEO Franconeri elected to NJBankers board

Hoboken-based Haven Savings Bank, which provides retail and commercial banking services to customers in Bergen, Union, Hudson, Morris, Passaic and Essex counties, announced that...

Summit Financial partners with $1.2B RIA Signet Financial Management

Summit Financial, a Parsippany-based, preeminent investment advisory firm offering integrated wealth management and planning services, in collaboration with Merchant, announced a minority investment in...

Division of Gaming Enforcement announces February gaming revenue results

Total gaming revenue for casinos, racetracks, and their partners posted an increase in February. Internet gaming wins for casinos climbed while sports wagering gross...

Mercury Public Affairs promotes Melli to partner

Mercury Public Affairs announced March 16 that Juan Melli has been promoted to partner in the firm's New Jersey office. Melli joined Mercury's New Jersey...

Rowan University, Holy Name agree to partner on nursing education

Rowan University and Holy Name’s Sister Claire Tynan School of Nursing on March 16 announced a dual enrollment partnership for students pursuing nursing education. The...

Bills addressing energy demand from AI data centers clear committee

The Senate Environment and Energy Committee advanced two pieces of legislation sponsored by state Sen. Bob Smith that will address rising energy demand from...

Latest Articles

Somerset lease renewed by state electrical contractor association 

The New Jersey Independent Electrical Contractors Association (NJIEC) has renewed its lease on a 5,000-square-foot space at 20 Worlds Fair Drive in Somerset. Sheldon Gross...

CoreWeave selected by Cline as inference provider

Livingston-based CoreWeave, Inc., the Essential Cloud for AI, announced that Cline, the Open and Secure Coding Agent, will integrate CoreWeave’s W&B Inference directly into...

Verisk study: AI image edits are accelerating digital insurance claims fraud

AI-powered photo and document editing tools are making insurance fraud easier to commit and harder to detect, according to new research commissioned by Verisk. The...

Haven Savings Bank president and CEO Franconeri elected to NJBankers board

Hoboken-based Haven Savings Bank, which provides retail and commercial banking services to customers in Bergen, Union, Hudson, Morris, Passaic and Essex counties, announced that...

NJMEP awarded new five-year contract from NIST’s Hollings MEP program

The New Jersey Manufacturing Extension Program, Inc. (NJMEP) has been awarded a new five-year cooperative agreement from the National Institute of Standards and Technology’s...

Tickets on sale for 2026 Mizuho Americas Open at Mountain Ridge

Tickets are now on sale for the fourth annual Mizuho Americas Open, the LPGA Tour event that will move to Mountain Ridge Country Club...

Latest Articles

Somerset lease renewed by state electrical contractor association 

The New Jersey Independent Electrical Contractors Association (NJIEC) has renewed its lease on a 5,000-square-foot space at 20 Worlds Fair Drive in Somerset. Sheldon Gross...

CoreWeave selected by Cline as inference provider

Livingston-based CoreWeave, Inc., the Essential Cloud for AI, announced that Cline, the Open and Secure Coding Agent, will integrate CoreWeave’s W&B Inference directly into...

Verisk study: AI image edits are accelerating digital insurance claims fraud

AI-powered photo and document editing tools are making insurance fraud easier to commit and harder to detect, according to new research commissioned by Verisk. The...

Haven Savings Bank president and CEO Franconeri elected to NJBankers board

Hoboken-based Haven Savings Bank, which provides retail and commercial banking services to customers in Bergen, Union, Hudson, Morris, Passaic and Essex counties, announced that...

NJMEP awarded new five-year contract from NIST’s Hollings MEP program

The New Jersey Manufacturing Extension Program, Inc. (NJMEP) has been awarded a new five-year cooperative agreement from the National Institute of Standards and Technology’s...