Congress will 'probably' have to pass another coronavirus stimulus bill, Mitch McConnell says

Key Points
  • Senate Majority Leader Mitch McConnell said Congress will "probably" have to pass another coronavirus relief bill and will decide whether to do so in the coming weeks. 
  • Democrats approved a $3 trillion rescue package earlier this month, but Senate Republicans have no plans to pass it. 
  • McConnell wants liability protections for businesses in the bill and suggests he could support limited relief for state and local governments. 
McConnell: Congress will 'probably' have to pass another coronavirus stimulus bill
McConnell: Congress will 'probably' have to pass another coronavirus stimulus bill

Congress will "probably" have to pass more legislation to mitigate the damage from the coronavirus pandemic, Senate Majority Leader Mitch McConnell said Tuesday. 

The Kentucky Republican said a measure to lift the U.S. economy would have a more narrow scope than the $3 trillion package House Democrats approved earlier this month. He said states' progress in restarting their economies in the coming weeks will help to inform what Congress does. McConnell noted that "we need to make sure we have unemployment insurance properly funded for as long as we need," as tens of millions of people lose paychecks. 

"So, in the next few weeks, we'll determine whether there is yet another bill," he told reporters Tuesday in his home state. 

Congress has passed four bills to respond to the crisis, most recently approving a plan to replenish a small business aid program about a month ago. Many lawmakers and Federal Reserve Chairman Jerome Powell have argued Washington should take more steps to jolt the economy as the unemployment rate stood at 14.7% in April and pockets of the country remain under restrictions to protect public health.

While Democrats have pushed for more legislation for weeks, the GOP has started to warm to another round of stimulus in recent days. President Donald Trump and his top advisors signaled their support for another rescue bill last week. The president mentioned the possibility of a second direct payment to individuals — which McConnell did not address Tuesday. 

The Senate Republican leader again insisted he would push for liability protections for doctors and businesses as the economy reopened. Democrats have been uneasy about creating shields from lawsuits. 

McConnell also said he would want additional relief for state and local governments to be tailored only to increased expenses and revenue lost due to the coronavirus outbreak. Democrats included nearly $1 trillion for cash-strapped states and municipalities in their bill as leaders from both parties ask for more money. 

It is unclear for how long and at what level McConnell would want to fund federal unemployment insurance benefits. Last week, the senator said the next congressional bill would not extend the $600 per week sum the U.S. government added to what recipients normally get from states. The extra federal benefit is set to expire at the end of July. 

The Democratic bill passed earlier this month would extend it through January. 

European approach to pandemic better for economy than US measures, Nobel laureate says
Europe taking a better approach to pandemic than US, Nobel laureate says

The House aims to pass a limited bill this week to give small businesses more flexibility in how they can spend government aid money while getting loans forgiven.

Most of the country has at least started the process of reopening businesses after coronavirus lockdowns. Republicans have generally supported restarting the economy earlier than Democrats have. 

Covid-19 cases in the United States now number more than 1.66 million, while the disease has killed more than 98,000 people, according to data compiled by Johns Hopkins University. 

Subscribe to CNBC on YouTube.

Here's how scammers are targeting your stimulus checks
How scammers are targeting your stimulus checks