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Home / Tips and Tricks / Deadline for stimulating bills: What happens now with unemployment benefits, emission rights and a second check?

Deadline for stimulating bills: What happens now with unemployment benefits, emission rights and a second check?



    Breaking the piggy-bank-stimulus-check-cash-money-savings-debt-personal-finance-032

The deadline for 7 August for the next stimulus proposal has passed, but that does not mean that the talks are over yet.

Sarah Tew / CNET

Friday’s self-imposed deadline did not result in an agreement between Democrats and Republicans another stimulus package to help Americans weather the economic downturn of coronavirus pandemic, an outbreak experts warn will only get worse. Negotiators could not find common ground for issues such as improved unemployment benefits, extension a moratorium on drafts and the amount of aid offered to states and local governments as part of the Republican author HEALS Act.

President Donald Trump has said he can issue an executive order to pursue some specific relief measures. The latest from Washington is that Trump may try to reuse funds set aside by Congress for coronavirus relief this year that have not yet been used by states or federal agencies, according to administrative officials.

Trump said his administration is working in “good faith” to reach an agreement with Democratic leaders. As such, he could keep signing an executive order until next week, although White House Chief of Staff Mark Meadows and Finance Secretary Steven Mnuchin have recommended Trump move forward with executive action this weekend.

So, what now – have the talks collapsed or is there still hope for a deal? What can Trump’s executive order mean? Here’s what we know today. This story is often updated as the news develops.

Scenario 1: An incentive agreement happens next week

The negotiators in the House and the White House, who are handling the details of the stimulus proposal, have signaled a willingness to continue the talks – as long as both sides turn. (More below for what keeps the conversations going.)

“The president wants us to make a deal, but unfortunately we made no progress today,” Mnuchin said Friday. “In so far as they are willing to put forward new proposals, [White House Chief of Staff Mark Meadows] and I will be back anytime to listen to new suggestions. “

If the negotiations continue the second straight weekend, or if the conversation resumes on Monday, the legislation can probably go to a vote in a chamber as soon as Tuesday or Wednesday. Both chambers must vote before the legislation lands on President Donald Trump’s desk for his signature. If it follows the timeline of the CARES Act, the bill became law within three days of the Senate voting.

When could the stimulus bill pass?

House votes

The Senate votes

The President signs

Timeline no. 1: The legislation will be adopted next week

August 11th

12th of August

August 13th

12th of August

August 13th

August 14th

August 13th

August 14th

August 17th

August 14th

August 17th

August 18

Scenario 2: No deal and Trump signs an executive order

Trump’s advisers are urging the president to take executive action on an eviction moratorium, extend improved federal unemployment benefits and provide student loan relief. A pay cut – another agenda item that Trump favored for the stimulus proposal but dropped by the Senate and his negotiators – could also be in the mix, CBS News White House correspondent Weijia Jiang tweeted on Friday.

The executive orders would bypass the negotiations currently taking place between the House and the administration. They could be signed as soon as the end of the week, Trump said Friday at a news conference, adding, “They are being pulled by lawyers right now.” Asked if he was concerned about the legality of executive action, the president said: “No, not at all … yes, you are always sued. Everything you do, you are right.”

It is possible that Trump may try to use funds that Congress has allocated for coronavirus relief this year that have not yet been used by states or federal agencies, according to administrative officials. Because any transition to reprogramming unused federal dollars for unemployment could be legally challenged, the executive order could further halt the delivery of stimulus packages.

Scenario 3: No deal, no calls, no executive order

Another option, which could destroy millions of Americans, is that there is no agreement at all. This can happen if both sides refuse to compromise on the main points of the bill and if the president does not take action. The bill could also die if the Republican-led Senate, after an agreement is reached, votes it down after a Democratic-led chamber.

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

Sarah Tew / CNET

What holds up the stimulus agreement?

The Senate, the House of Representatives and the White House all agree that a second stimulus check that will send payments directly to Americans is important to help current recession around.

The problem is that Republicans and Democrats cannot agree on how much help is needed.

“There are many areas of compromise,” Mnuchin said Friday after another round of talks on the bill. “If we can reach an agreement on state and local and unemployment, we will reach an overall agreement. And if we can not, we can not.”

Speaker Nancy Pelosi said Democrats have tried to compromise, but have not been met by Republicans.

“I offered them, we’ll take down a trillion if you add a trillion in,” Pelosi said late Friday. “They said, ‘Absolutely not.’ ”

Democratic leader Chuck Schumer recalled Pelos’ feelings of compromise with the bill Schumer said the House is democratic and needs a majority of Democratic votes in the Senate.

“Meet us in the middle – for God’s sake, please – for America’s sake, meet us in the middle,” Schumer said on Friday.

All this factors in the cost of the total stimulus package. The Senate HEALS Act would cost $ 1 trillion, while the House Democrats set a total of $ 3 trillion in its Heroes Act proposal from May. (The CARES Act, which delivered $ 1,200 stimulus checks to Americans earlier this year, was worth $ 2.2 trillion.)

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

Sarah Tew / CNET

What else can delay the stimulation package?

After the House has voted, the Senate cannot agree with certain parts of the bill. If that happens, the Senate can send the bill back to the House with changes and ask Pelosi and the House to agree to those changes. If either the House and the Senate do not agree with part of the bill, they can request further negotiations to get a final version.

Once the Senate has received a full vote and approved the bill, the legislation will be moved to Trump’s desk. In the typical legislative process, the president has ten days to either sign or veto the bill. It is unlikely that Trump will wait to sign the bill when it reaches him, as he signed the CARES law about a day after the Senate passed it.

There could also be further delays if Trump moves to reuse unused federal dollars for unemployment and it is legally challenged.

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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