House and Senate leaders continue offline debates over the size, scope and timing of a next phase of COVID-19 financial relief. Democrats on the Hill have largely embraced President Biden's $1.9T proposal. On the other side of the aisle, many Republicans have articulated a desire for additional time to determine the impact of the last package and a more targeted approach to relief.

President Biden and congressional leaders have called for such a package to be bipartisan. However, the differences between the parties may prove too significant.

Speaker Pelosi is laying the groundwork to quickly move the proposal through the House with a procedure, known as budget reconciliation, which requires only a simple majority vote in both chambers to yield a final product. Absent the use of budget reconciliation, Senate Majority Leader Chuck Schumer would need to find 10 Republicans in the chamber to join his caucus to avoid a filibuster of the legislation. At this point, it's clear that a fifth comprehensive COVID-19 relief package will move forward in the next few weeks. The primary unknown is whether such relief will be achieved through compromise or procedural maneuvering.