U.S. Republicans unveil coronavirus plan, slash emergency unemployment benefit

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin walks toward the White House in Washington, U.S., July 9, 2020. REUTERS/Kevin Lamarque/File Photo

WASHINGTON (Reuters) - Senate Republicans on Monday proposed a $1 trillion (£776 billion) coronavirus aid package hammered out with the White House, paving the way for talks with Democrats on how to help Americans as expanded unemployment benefits for millions of workers expire this week.

Senate Majority Leader Mitch McConnell called the proposal a "tailored and targeted" plan focused on getting children back to school and employees back to work and protecting corporations from lawsuits, while slashing the expiring supplemental unemployment benefits of $600 a week by two-thirds.