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Trump Facing Last Chance Before Election to Right Economy

July 20, 2020, 8:00 AM

President Donald Trump and Republicans in Congress are facing a last chance to keep the economic rout sparked by the resurgent coronavirus from deepening before the November election.

Amid a steady stream of bad economic news, Senate Majority Leader Mitch McConnell, Treasury Secretary Steven Mnuchin and other GOP leaders will begin on Monday hammering out the details of a roughly $1 trillion Republican plan for a new round of virus relief for individuals and businesses.

That will be the their opening bid as they begin negotiations with Democrats, who’ve already put out an expansive, $3.5 trillion proposal. Beside the ...