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Home / Tips and Tricks / Deadline for stimulation of bills expired without agreement. 3 things that can happen, including an executive order

Deadline for stimulation of bills expired without agreement. 3 things that can happen, including an executive order



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

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

Sarah Tew / CNET

The deadline has come and gone without 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 in the U.S. Senate Majority Leader Mitch McConnell had set a deadline of August 7 for legislation to pass before the Senate’s planned month-long recess. This depression is now postponed.

And now what? Have the conversations collapsed? Is there still hope for a deal? Will President Donald Trump issue his own executive order and simply circumvent a new bi-partisan stimulus proposal? Here’s what we know.

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. Their disagreements are mostly about issues including 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.

“There are many areas of compromise,” Treasury Secretary Steven 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.”

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.)

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

Breaking the piggy-bank-stimulus-check-cash-money-savings-debt-personal-finance-066

Emissions, unemployment and long-term economic stress can affect tens of millions of Americans if an agreement is not reached.

Josh Miller / CNET

Scenario 1: An 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.

“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 underway 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.”

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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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.

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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