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After more than a month, negotiations on stimulus bills are back on the table. What we know



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Congress has a handful of days to reach an agreement before breaking the election.

Angela Lang / CNET

The stalemate on Capitol Hill may soon end. Or at least a beginning of an end. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi have agreed to restart formal talks to reach an agreement on a new financial relief, which is expected to deliver one second round of stimulus checks to millions of Americans.

“I have probably spoken to Speaker Pelosi 15 or 20 times in recent days … and we have agreed to continue discussing the CARES law,” Mnuchin said on Thursday.

Pelosi has reportedly instructed its committee chairmen to draft new legislation for a narrower bill than The Heroes Act was proposed in May, according to The Washington Post and The Hill. The new house proposal could reportedly be ready for a vote on Oct. 2, Hill reported, referring to Rep. Richard Neal, chairman of the Ways and Means Committee.

The deadline will still be tight for it November 3 election. And given the priorities of the previous two parties, how much time is it to agree on a new bill? Given this new information, we have taken some dates and identified at least five possible scenarios that could still play out for the next stimulus package. Here are the six most important things to know about stimulus controls. This story is updated frequently.

With the calls renewed, a package may still whine before November 3rd

The time is running out for both sides at a time to agree on another stimulus package before election day. The last day that a new bill could pass is still in the air, as schedules for breaking after this current session can be extended by the leaders of the Senate and the House of Representatives, respectively.

Possible timelines for when a stimulus bill can pass

The Senate votes

The voices of the house

The President signs

October 2

October 3

4 October

October 9

October 12

October 13

October 16

19 October

October 20

October 23

26 October

October 27

If nothing changes, October 9 – the last day of the Senate session – is the last day for a bill to clear the upper house, but it is still not the last day for a bill to pass. For example, the House is prepared to postpone the start of the next break, which was originally planned for October 2, until an agreement is reached. If the bill passes the Senate on October 9, the House can approve it after that date. And if negotiators reach an agreement, Senate Majority Leader Mitch McConnell could also force the Senate to stay in session longer or come back early to vote on a proposal.

Still, a bill is less likely to pass days before the election when presidential candidates – President Donald Trump, who must sign the bill and Democratic nominee Joe Biden – complete their campaigns.






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Congress could instead approve even smaller independent bills

If the Senate rejects the House’s minor bill, some in Washington say the way to break the deadlock is to implement a series of even narrower bills targeting specific areas. There is growing support among the House Democrats to now present a smaller bill and then continue to prepare other issues, Politico reported.

The Senate made an attempt with its delivery immediate relief to America’s families, schools and small business law, but it did not have enough votes to continue. The house also presented a piecemeal bill that tried to provide funding to the US Postal Service before one choice where many Americans, who are wary of voting in person during a pandemic, are likely to be vote by mail.

The President may, if necessary, take executive action

After the talks originally collapsed on August 7, Trump signed one executive order and three memoranda on August 8th. It is possible that more executive action would come if this final attempt at negotiation fails before the election.

At a news conference on Sept. 4, Trump said the administration could consider another executive measure to release $ 300 billion in unused stimulus aid to Americans if Congress does not vote to redirect those funds. However, there has been no development since.

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

Sarah Tew / CNET

Trump’s current COVID-19 liberation work is about slows down evictions, extension unemployment benefits to a lesser extent and defer payroll taxes until next year.

Negotiators can postpone the stimulus package until after the election

With the election on November 3 less than two months away, the atmosphere in Washington may be too politically charged to cope with more economic relief and leaders may want to see what happens after the election.

With 470 seats in the U.S. Congress – 35 Senate seats and all 435 seats – up for a vote in November, the majority in the House or Senate and in the presidency change the likelihood of certain laws being passed one way or another.

    break-the-piggy-bank-stimulus-check-cash-money-saving-debt-personal-financing-032

Democrats and Republicans have not agreed on how much aid should be included in the stimulus package.

Sarah Tew / CNET

The government’s response to the coronavirus pandemic is already playing a major role in the campaign. If an agreement is not reached soon, a benefit package is likely to come up during City Hall and debates between Trump and Biden in the coming weeks.

If the talks fail, the legislators cannot take any further action

We believe that this result is less likely, but it is not out of the question. Unemployment remains at astonishingly high levels and a housing crisis weather at the horizon. Failure to take action on a relief package, individual bills or executive orders could potentially cause the economy to plummet. a deeper recession, as economists say, the damage already done begins to reflect the great recession of the late 2000s.

For more information, here is how soon you can get your second stimulus check and what to know about HEALS, CARES and Heroes stimulus proposals that can help inform a final package.


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