White House to unveil 2nd coronavirus relief bill

The $1 trillion plan from the White House and Senate GOP leaders is expected to reduce the federal unemployment benefit to about $200 per week.
1:12 | 07/27/20

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Transcript for White House to unveil 2nd coronavirus relief bill
Turning to Washington, senate GOP leaders and the white house are preparing to unveil their trillion dollar plans this afternoon for the next coronavirus relief bill. Mary Bruce joins us with more. Good morning, Mary. Reporter: Good morning, Michael. Well, Republicans are putting the finishing touches this morning on their plan for the next coronavirus relief bill. Here's what we know about it. It would provide another round of those popular $1200 stimulus checks. $105 billion for schools and $16 billion for testing and contact tracing, but the big sticking point here has been the $600 weekly payments going to help unemployed Americans make ends meet which expired this past weekend. Now, many Republicans felt that amount was simply too high. They say it discouraged people from going back to work. So now Republicans want to reduce that check to $200. That is likely to have a very real impact on the roughly 30 million Americans relying on this money and, of course, remember, this is just a Republican plan. This is a jumping off point for negotiations with Democrats and the two parties are far apart on many of these issues. It's likely to take several weeks before we see a final deal here. Michael. All right, thank you, Mary. You know the public is waiting to see how this all works out. Thank you so much.

This transcript has been automatically generated and may not be 100% accurate.

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