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Stimulus Package Negotiations at a Crossroads: What is the Status of a Deal?



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Congress is in touch to reach an agreement before breaking for the election.

Sarah Tew / CNET

Capitol Hill is engaged in the Senate hearing for Supreme Court nominee Amy Coney Barrett. And every legislator in Washington is looking for it Election day on November 3rd. On so much else, can negotiators find a way to reach an agreement? another stimulus package?

“Nobody waits until February,” said Nancy Pelosi on CNN Tuesday. “I really want that now because people need help now.”

President Donald Trump is confident that Republicans will “approve” a deal the White House is working with Pelosi despite extreme backlash.

“Republicans should be very focused on delivering a wonderful stimulus package for the American people!” Trump tweeted Monday.

Meanwhile, the White House is standing up for Congress to use unused $ 130 billion funds from the CARES bill for additional aid. Senate Republicans are also expected to vote on October 19 on a new stimulus package that could extend the paycheck protection program. Neither of these would involve any further stimulus testing.

A comprehensive stimulus calculation would, however, a new direct payment from up to $ 1,200 per person and very likely a Changes to the admission rules for dependents that could give more money to families. (Here are the greatest stimulus check takeaways to know.)

Read on to learn about the bumpy road to stimulus conversations. We update this story often.


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Next stimulus checks: what to expect


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Could a standalone bill pass Congress?

Despite Pelosi’s consistent rejection of standalone invoices without assurances, there will also be a greater incentive that comes with it. The idea is being re-circulated by the White House and Senate Republicans to get around the negotiation backlog and provide some pre-election help.

On Sunday, Mnuchin and White House chief of staff Mark Meadows called on Congress to divert $ 130 billion in unused money from the wage protection program, which was part of the CARES bill. It would fund new financial support for small businesses or the aerospace industry. (That’s not enough to fund stimulus checks.) The Senate can also work out a smaller bill that is unlikely to pass the House at this point.

As for Trump pushing another executive order like in August? “No. No. He cannot do this by order of the executive branch,” Pelosi said on October 5th when asked in an interview. “He can’t make the money without the United States Congress. The power of the wallet starts in the house.”

Why did Trump cut off stimulus talks and then double down?

President Donald Trump – while being treated with one for COVID-19 powerful steroid known to have side effects – Told his team on October 6th to stop negotiating a new deal. Instead, he directed Congress to pass a standalone bill for another round of $ 1,200 checks and renew payroll for the airlines and other industries.

On October 9th, he encouraged negotiators to “skyrocket” a new stimulus package, and on October 12th, he called on Republicans to “pull out of due process” for Barrett’s confirmation hearings and vote for STIMULUS for the people! !! “

According to Trump on Oct. 6, his conviction that no agreement would be reached on a stimulus package in the remaining time and a desire to swiftly uphold Supreme Court Justice candidate Amy Coney Barrett led to the decision. Barrett’s confirmation hearing began on October 12th.

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

Sarah Tew / CNET

When could a new auxiliary law be passed before or after the election?

With just a few weeks leading up to the November 3 elections, Congress has run out of time to provide additional aid.

With talks hissing before November 3, Pelosi has said that once the election is over, Congress could pick up the thread of another economic bailout. As talks are ongoing, we have proposed five possible dates before and after the November elections. These are only speculative. If a bill passes, here is How soon do we think the IRS could send a second stimulus check?.

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 passed a new economic law?

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.

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

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

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

Angela Lang / CNET

What areas do Democrats and Republicans agree on?

Suggestions from both sides contain a different one Stimulus payment of up to $ 1,200 for individuals that meet the requirementsunder topics such as help for airlines, improved unemployment insurance and expanding the corporate paycheck protection program.

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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