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A smaller stimulus bill before? What happens to the COVID relief package today



    Breaking the piggy-bank-stimulus-check-cash-money-savings-debt-personal-finance-023

There is a hint that the stimulus bill can still be saved.

Sarah Tew / CNET

Senate Republicans are expected to introduce a “lean” coronavirus stimulation package that could contain $ 10 billion aimed at relieving US Post Office Crisis and $ 300 in weekly unemployment benefits which may be similar to those signed by President Donald Trump’s executive action, Politico reported Monday.

The USPS’s ability to function in the upcoming presidential election and concerns about its ability to handle a sharp increase in post-in votes, has drawn the debate on the United States new stimulus settlement in a new direction.

On Sunday, House Speaker Nancy Pelosi said she would interrupt the House of Representatives’ interruption, with a vote on independent legislation that would halt changes seen to harm the US postal service. However, it is still uncertain if and when a vote could come across the overall stimulus package, one that could include a second stimulus control.

The Senate was suspended Thursday after the House plans to return Sept. 8 and 14, respectively. Legislation on the US Postal Service is expected to come on Saturday, after Democratic National Convention, which began Monday, August 17 and runs through Thursday, August 20.

When the stimulus negotiations resume, it is clear that both parties are trying to approve a full bill, even if they disagree on what it means. Here are five reasons why we still believe that a stimulus bill of some kind will happen. We update this story frequently as the news develops.

Both sides want to restart the delayed negotiations

If all the name-calling and finger-pointing this month has revealed, it’s that both Democrats and Republicans recognize the need for another emergency package to help the United States handle coronavirus testing. reopening of schools, a threatening eviction crisis and that upcoming elections, including.

Although he signed four executive orders earlier this month, President Donald Trump tweeted support for a bill on Aug. 14 (while basing Democrats), with the school opening on his personal agenda.

“We can not wait until September 30,” Pelosi said August 13 about the passage of the stimulus bill. “People will die.”

When could the stimulus bill pass?

House votes

The Senate votes

The President signs

Possible timeline if the legislation is adopted in September

September 8

September 9th

September 10

September 14

September 15

16 September

16 September

September 17

September 18

September 21st

September 22

September 23

Trump’s executive measures do not cover many areas

To date, the President’s directive (one executive order and three memoranda) covers a maximum unemployment benefit of $ 400. examine ejection protection, deferral of student loan payments and a wage tax reduction.

Trump’s executive action skips areas that have been considered in a two-party stimulus package, including:

  • Testing, tracking and processing of COVID-19
  • Support schools that reopen and provide PPE (personal protective equipment)
  • Food aid
  • Support for local and state governments
  • Protection against liability from coronavirus lawsuits
  • Money to keep post offices open for elections

On the Republican side, Senate Majority Leader Mitch McConnell has repeatedly said that corporate and school liability protection must also be part of an agreement that was not affected by the order.






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Executor orders can take weeks before they take effect

Trump’s memorandum proposed an unemployment benefit of a maximum of $ 400, of which federal funds would only cover $ 300 and states are expected to chip in the remaining $ 100. Governors in cash-strapped states battling the coronavirus pandemic are already firing back. Earlier in August, the New York Intergovernmental Conference called Andrew Cuomo the preferential scheme “laughter.” California Gavin Newsom estimated that matching the proposed unemployment benefits would cost California about $ 700 million a week, which would require deep program cuts.

White House economic adviser Larry Kudlow said federal aid would only take about “two weeks”, but labor experts have said Americans can wait up to a month before seeing a check.

In addition, the new program will only be available to people who can certify that they are unemployed or partially unemployed due to disruption caused by COVID-19, and only if they have already qualified for at least $ 100 a week in unemployment benefits. The policy excludes about 1 million people.

The methods that Trump wants to fund his orders could cause more delays. The president is unilaterally trying to use leftovers or unused FEMA funds – rather than what experts say will be an active hurricane season – to pay unemployment benefits.

pennies-on-the-dollar-small-change-stimulus-check cash-money-004

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

Sarah Tew / CNET

If Trump’s proposal is questioned in court, legal action could further delay relief payments to Americans. Because the Constitution gives Congress control over federal spending, the president may not have the legal authority to issue binding executive orders on how money should be used during the pandemic.

On top of the waiting time to receive federal unemployment benefits, funding can also run out in about a month and a half, according to Department of Labor officials.

Executive orders can be a dead end

Apart from the lack of a definitive approach to relief, as well as measures to test, detect and treat coronavirus, the orders signed by Trump are not officially renewed by a moratorium on drafts. Instead, they leave decision to deal with drafts in the hands of Health and Human Services Secretary Alex Azar and Centers for Disease Control and Prevention Director Robert Redfield. There is also no official focus on providing financial support to tenants, which leaves up to the Treasury Department Steven Mnuchin and Housing and Urban Development Secretary Ben Carson.

The memorandum on termination of student loans only extends earlier deadlines. And when it comes to payroll tax cuts, Senate Minority Leader Chuck Schumer said the directives could leave individuals and businesses with a larger bill to pay in a few months.

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

Democrats and Republicans have disagreed on how much aid to include in the stimulus package.

Sarah Tew / CNET

Politicians want a win in the November election

The election season is well underway and November is fast approaching. As such, 470 seats in the US Congress – 35 Senate seats and all 435 seats – were elected.

Trump, McConnell and Pelosi all look set to be re-elected this fall. And the courts are aware that their constituents look at every step in the matter stimulus negotiations. It is also possible that the topic of a relief package may come up during town halls or debates during the election period.

With the first time unemployment claims amounted to 963,000 two weeks ago, dipping only marginally below 1 million claims for the first time since March, and a housing crisis growing ever closer, waiting on the other side that cave can only be seen as a valid strategy while. Votes are in line, and by pushing through a functioning stimulus package, it can ensure a new term of office.

For more information we have looked at how soon you can get your second stimulus check and compared HEALS, CARES and Heroes stimulus proposal.




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