U.S. Senator Marco Rubio listens during a Senate Small Business Committee hearing on coronavirus relief aid and “Implementation of title I of the CARES Act.”, in Washington, U.S., June 10, 2020.
Al Drago | Reuters
Sen. Marco Rubio, R-Fla., told CNBC on Thursday he would be willing to support a more expensive coronavirus stimulus package than he’d like because failing to provide financial relief to Americans and U.S. businesses presents larger risks to the U.S. economy.
“No one is going to get everything they want here and from my perspective, that means the bill on this is probably going to be higher than I want it to be and I’m very uncomfortable with that,” Rubio said on “Squawk Box.”
However, the Florida Republican added, “I think the price of not doing something is even higher. So as long as it’s limited in some way, as long as it’s not crazy, yes I’m willing to be flexible about it because I think it’s that important.”
Rubio’s comments came one day after Senate Democrats again blocked an effort from Republicans in the chamber to pass a $500 billion coronavirus relief bill, which included additional funding for the Paycheck Protection Program.
House Speaker Nancy Pelosi, D-Calif., continues to negotiate with Treasury Secretary Steven Mnuchin for a larger stimulus package as millions of Americans remain out of work during the pandemic. The two are expected to talk again Thursday to see if they can narrow their differences and reach a deal before the Nov. 3 election. House Democrats most recently passed a $2.2 trillion bill, while the White House has put forward a nearly $1.9 trillion proposal.
Pelosi and Democratic leaders have consistently been opposed to GOP proposals for so-called skinny stimulus bills, contending a more comprehensive and expensive piece of legislation is necessary due to the scale of the pandemic’s economic and health implications.
