MY STARTUP: OSHYHOME.COM
Follow me on Twitter: @gforemanBCP
House Speaker Nancy Pelosi, D-Calif., said on Friday that she was willing to move forward with a smaller stimulus relief package with President-elect Biden headed to the White House and a vaccine on the way.
Pelosi previously encountered criticism for not supporting a moderate Democratic proposal, insisting on a much larger price tag. The current proposal from the Problem Solvers Caucus, a group of 25 Republicans and 25 Democrats working to find bipartisan solutions, is $908 billion, significantly less than the $1.5 trillion proposed before the election. In October, the White House had also proposed a $1.8 trillion package, roughly twice the size of the one Pelosi is now backing.
When asked about her shift on supporting the much smaller package, Pelosi cited “a new president and a vaccine.”
She added that the current proposal “has simplicity, it’s what we had in our bills, it’s for a shorter period of time, but that’s O.K. now because we have a new president.”