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Home / Tips and Tricks / Negotiations on the stimulus package are in full swing, with a second review: the update now

Negotiations on the stimulus package are in full swing, with a second review: the update now



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The clock is ticking for Congress to reach an agreement before breaking for the election.

Sarah Tew / CNET

Will Washington pass lawmakers a comprehensive rescue package or a standalone Stimulus test In front The vote? As of Friday, House spokesmen Nancy Pelosi and Steven Mnuchin hadn’t reached an agreement, but they had also made progress on talks that would stretch over the weekend, Politico reported.

“Covid Relief Negotiations Advancing. Go Big!” President Donald Trump tweeted on Friday after an unpredictable week that saw Trump vacillate from canceling talks on a comprehensive stimulus package to getting those talks through.

It started Tuesday morning with Trump is currently being treated for COVID-19and calls for talks to a comprehensive stimulus package. On the same day, he made a U-turn, urging Congress to focus on standalone rescue bills for rescue operations for airlines, small businesses, and a business second stimulus check for $ 1,200. By the end of Friday, his administration was due to provide language for a $ 1.8 trillion proposal, up from $ 1.6 trillion before Trump and two dozen others in his circle were diagnosed with COVID-19.

Still confused? We’ll break everything down below and regularly update this story as news develops.


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Next Stimulus Tests: What To Expect


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Why did Trump break off stimulus talks for the first time?

Earlier this week, Pelosi said the negotiators would come to an agreement on a comprehensive package “one way or another” despite the sticking points. Why did Trump pull the plug in the beginning?

With election day Just over three weeks away, Trump shared his belief that an agreement on a stimulus package could not be reached and that he wanted the Senate to pay attention to the appointment of Amy Coney Barrett, the Supreme Court nominee for Justice, directs choose. It has been suggested that Trump and other senior Republicans who tested positive for COVID-19 acquired the coronavirus on Barrett’s nomination day at events where the wearing of masks was not universal.

“The state of the president is in a changed state right now, so I don’t know how to respond for his behavior,” Pelosi said Thursday.

And a tweet from Trump early Tuesday made a clear desire for more help: “If, immediately after my victory, we pass a major stimulus bill that focuses on hardworking Americans and small businesses,” he tweeted. By Friday, however, efforts to put together an overarching bill had doubled.

When could a new discharge bill be adopted when talks start?

Pelosi said Tuesday evening that after the election, Congress could pick up the thread of another economic bailout. Trump is now pushing for action. We have proposed five possible dates based on the new schedule, both before and after the November elections. These are only speculative. In the case of a second stimulus test is here how soon we think the IRS might send one.

When could a separate stimulus bill or package happen?

House votes

Senate votes

President signs

October 26th

October 27

28th of October

November 9th

November 10th

November 11th

November 16

November 17th

November 18

November 23

November 24th

25. November

February 1, 2021

February 2, 2021

February 3, 2021

Hasn’t the House just passed a new economic law? What’s the matter?

On October 1, the House of Representatives was passed a revised hero law that includes second stimulus test and Additional benefits as improved unemployment benefits for tens of millions of Americans. However, the new House Bill, which is largely approved by Democrats, has little chance of moving forward through the Republican-controlled Senate.

According to Pelosi, the vote on the revised Heroes Act was independent of the ongoing negotiations with Mnuchin. If Pelosi and Mnuchin agree on a new proposal, a new bill would have to be drafted and voted separately in both the House and Senate before the bill is signed. The overall cost of the package and resource allocations like a child tax credit remain the main issues.

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Will America Pass a New Stimulus Bill? Both sides agree that more help is needed.

Angela Lang / CNET

Why did the House vote on Heroes 2.0 if talks continued?

The vote is believed to provide cover for House Democrats as they struggle without a new relief bill, just as the Senate did for Republican members with its $ 650 billion bill last September. Like the Senate’s thin bill, this new House proposal has little chance of moving forward in the other chamber.

Where do Democrats and Republicans agree?

Suggestions from both sides contain a different one Stimulus payment of up to $ 1,200 for individuals that meet the requirementsOn topics such as airline help, coronavirus testing, and expanding the corporate paycheck protection program.

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Democrats and Republicans disagreed on how much aid should go into the stimulus package.

Sarah Tew / CNET

If the talks stalled, could the president take executive action?

After the talks originally collapsed on August 7, Trump signed an executive order and three memoranda the next day. It is possible that further executive action will be imminent if that final pre-election negotiation attempt fails, though there was no development after Trump first suggested that his administration could consider another executive action to bypass Congress.

It is unclear whether Trump would take more unilateral action at this point.

Pelosi expressed doubts about Trump’s ability to use executive orders for additional aid.

“No. No. He cannot do this by order of the executive,” she said on October 5th. “He can’t do the money without the United States Congress. The power of the wallet starts in the house.”

Trump’s previous COVID-19 relief efforts deal with trying to do so slow evictions, extend Unemployment benefits to a lesser extent and Postpone wage taxes until next year.

So what happens now

The situation is still in flux. At the moment we are waiting to see if there are any developments. Anything could still happen.

More information can be found here How soon could you get your second stimulus check? and what to know about that HEALINGS, CARES and Heroes Stimulus package proposals that could help create a final package.




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