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GOP cool to White House’s $1.6T coronavirus price tag

The latest White House coronavirus relief offer, with a $1.6 trillion price tag, received a cool reception Thursday from congressional Republicans.

The new offer from┬áTreasury Secretary Steven MnuchinSteven Terner MnuchinAmerican Airlines to furlough 19,000 workers On The Money: ‘One more serious try’ on COVID relief yields progress but no deal | Trump tax bombshell shines light on IRS enforcement | Senate passes bill to avert shutdown hours before deadline ‘One more serious try’ on COVID-19 relief yields progress but no deal MORE, which exceeds the original $1.1 trillion Senate GOP package and the $1.5 trillion the White House signaled it could support last month, was made as part of renewed talks this week with Democratic leaders.

But Republicans, including influential chairmen and members of leadership, are warning they can’t support it, creating another potential obstacle for negotiators trying to strike a deal on emergency COVID-19 aid after nearly two months of stalemate.

Asked about the prospect of supporting a $1.6 trillion measure, Senate Finance Committee Chairman Chuck GrassleyCharles (Chuck) Ernest GrassleyThe Hill’s Morning Report – Fight night: Trump, Biden hurl insults in nasty debate GOP seeks to redirect criticism over Trump tax returns Grassley says disclosing Trump’s tax records without authorization could violate law MORE (R-Iowa) was direct: “No.”

“I think we’ve made it very clear that there’s so much money … that isn’t even out of Washington yet,” Grassley said. “We’re more in the neighborhood of something below $1 trillion.”

Rep. Kevin BradyKevin Patrick BradyThe Hill’s Morning Report – Fight night: Trump, Biden hurl insults in nasty debate GOP seeks to redirect criticism over Trump tax returns The Hill’s Morning Report – Sponsored by JobsOhio – Showdown: Trump-Biden debate likely to be nasty MORE of Texas, the top Republican on the House Ways and