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Toomey, R-Pa., said preventing the next Treasury secretary and the Federal Reserve from relaunching five emergency credit facilities next year was “the most important thing to me” in the COVID-19 rescue
Ranking member Patrick T. McHenry, R-N.C., disagreed with that interpretation, noting that Republicans gained seats in the House.
Roy Blunt, R-Mo. The Missouri Republican suggested there may be ways for both sides to claim different spending numbers on a final deal, such as offsetting the cost by redirecting unused funds.
Peter T. King, R-N.Y., was the lone Republican to support the measure, citing robust aid for states and localities like his suffering from revenue shortfalls and high numbers of COVID-19 cases.
Speaking on Hugh Hewitt’s radio show Wednesday, Senate Majority Leader Mitch McConnell, R-Ky., said he didn’t want Congress to come to states’ fiscal rescue.
Crapo, R-Idaho., said in a statement that the funds would support $4 trillion in Fed lending. On a press call Wednesday with reporters, Sen. Patrick J.