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Home / Tips and Tricks / What’s wrong with the business cycle negotiations? 5 things that could happen now

What’s wrong with the business cycle negotiations? 5 things that could happen now



    Money-Dollar-Bills-Cash-Stimulus-Tax-Covid-Coronavirus-America-7075

The stimulus bill could still be saved – we just have to wait and see.

Angela Lang / CNET

White House negotiators and Democrats may be nearing an agreement another stimulus package to stimulate the economy. The White House reportedly signed a $ 1.5 trillion prize versus the original $ 1 trillion proposal, Politico said. The Democrats have also dropped from their original $ 3 trillion proposal to $ 2.2 trillion.

“I am more optimistic today than I have been in a long time,” White House chief of staff Mark Meadows told Fox Business on Tuesday of the prospect of a new stimulus package.

The House of Representatives, the Senate and the White House are already agreeing on one second stimulus test as part of a larger coronavirus bailout bill, but the total price and mix of programs that receive funding are points of contention. With the Senate back to work today and the House headed back to Washington next week, the parts will soon be put to a vote when a bill comes together.

With the Presidential election About two months away, both sides are under increasing pressure to provide more aid to the Americans. Here are five scenarios that the stimulus package could face in the coming days and weeks.

One big auxiliary bill could happen

The passage of a single bill depends on the agreement between two parties Total cost of the stimulus packageand White House approval. President Donald Trump would have to sign the law.

Formal talks have yet to resume, but the Senate is returning from its August break this week and the House of Representatives is back to work next week Passing on the USPS invoice during the break.

Here is a table of speculative dates as to when we could see a relief calculation:

When could the stimulus bill be passed?

Senate votes

House votes

President signs

Possible timetable if the legislation is passed in September

17th of September

September 18

21st September

September 29th

September 29th

30. September

October 6th

October 7th

8th October

the 20th of October

October 21

October 22nd

Smaller bills could happen instead

Smaller pieces of legislation may also be proposed. The house submitted one of the first of these piece invoices to be made available Funding to the US Postal Service before a choice where many will likely be Vote by email.

The Senate is expected to unveil a “thin” coronavirus stimulus package this week. It could be another way of breaking the negotiation backlog, although the House is expected to block it.

“Let’s do a more focused calculation now,” Treasury Secretary Steven Mnuchin said on September 6th. “If we need more in 30 days, we’ll keep doing more.”

The draft of this proposed package, called Emergency Aid to America’s Families, Schools, and Small Businesses (PDF), does not include funding for a second round of stimulus testing.


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Executive orders can be placed instead of or in addition to an invoice

After talks originally collapsed on Aug. 7, Trump took unilateral action by signing an implementing regulation and three memoranda on the 8th of August. It is possible that further executive actions will come.

During a press conference last week, Trump said the administration could consider another executive move to free up $ 300 billion in stimulus money in an unused account for Americans if Congress doesn’t vote to divert those funds.

Trump’s current COVID-19 relief efforts range from Slowing down the evictions to extend Unemployment benefits and Postpone wage taxes until next year.

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The end of all talks would be devastating to millions of Americans.

Sarah Tew / CNET

The relief could be put on hold until after the election

With the November 3rd elections two months away, the atmosphere in Washington may be too political to pass more economic relief laws, and leaders may want to see what happens after the elections.

With 470 seats in the U.S. Congress – 35 seats in the Senate and all 435 seats in the House of Representatives – up for election in November, any change in majority in the House or Senate and the Presidency itself could shift the likelihood of certain laws being passed be in a way.

The government’s response to the coronavirus pandemic is already a big part of the campaign at all levels. If an agreement is not reached soon, the issue of an aid package could very well be raised in town halls or debates in the coming weeks.

poor-small-change-pennies-on-the-dollar-money-cash-stimulus-payments-personal-finance-014

Democrats and Republicans disagreed on how much aid should be included in the stimulus package.

Sarah Tew / CNET

If no additional measures are taken

Unemployment remains at an amazing level and a Housing crisis looms at the horizon. If no action is taken on an aid package, individual bills or executive orders, it could potentially cause the economy to falter a deeper recession As economists say, the damage already done is starting to mirror the great recession of the late 2000s.

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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