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GOP’s COVID settlement failed: Here’s everything that can happen next



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

Angela Lang / CNET

Although the Republican-backed “lean” coronavirus assistance proposal failed to pass the Senate on Thursday, there may still be hope that a deal will be approved a new stimulus bill which contains a second stimulus control.

“We must strive to find our common ground,” House Speaker Nancy Pelosi said on Friday. “I’m optimistic. I think we should have an agreement. That’s what we all want.” The House of Representatives will return to work next week.

“We compromised last winter,” said White House adviser Larry Kudlow. “We should be able to do it again.”

At the same time, the GOP management suggests that another rescue package may not be implemented sooner election on 3 November.

“We have been in a challenging period,” Senate Majority Leader Mitch McConnell said on Friday, The Hill reported. “I wish I could say we would get a new package, but it does not look so good right now.”

So, what’s the next step? There are at least five possible scenarios that could play out, depending on what happens next on Capitol Hill. We update this story frequently.

A single large relief bill can be left on the table

Formal talks for the overall bill have not yet resumed, but the Senate has returned from the recess this week and the House of Representatives will return to work next week, after passes the USPS bill during the break.

The total cost of the bill is the basic disagreement. The White House has indicated that it could go up to $ 1.5 trillion, while the Democrats have come down from their original proposal of $ 3 trillion to $ 2.2 trillion, so there has been gradual progress. (The failed Republican bill was estimated at between $ 300 billion and $ 650 billion.)






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Next Stimulus Controls: What to Expect




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The forecast for another stimulus bill that precedes presidential election varies from day to day. On the campaign track – digitally or in person – it is expected that the management’s coronavirus response will be at the center of candidates at all levels, which increases the political pressure to cope with the next wave of aid or at least formulate a fail-safe plan.

Here we present a speculative timeline with dates for when we can see a relief bill approved if the talks resume next week. It detracts from congressional voting schedules and the potential to postpone a planned withdrawal or that the House returns early to approve a bill.

When could the stimulus bill pass?

The Senate votes

The voices of the house

The President signs

Possible timeline if the legislation is approved in September

September 22

September 23

September 24

September 30

1 October

October 2

October 6

October 7

October 8

October 20

21 October

22 October

Several smaller bills could go instead

The latest narrower proposal now called to deliver immediate relief to America’s families, schools and small businesses will not become law. But it suggests a way forward that will deliver coronavirus aids in pieces, possibly circumventing the partisan outbursts that have plagued these new talks on stimulus legislation, which has been going on for over a month.

The house presented one of the first of these bit bills that tried to provide funding to the US Postal Service before one choice where many are likely to be vote by mail.

“Let’s do a more targeted bill now,” Finance Minister Steven Mnuchin said on September 6 in support of the lean bill. “If we need to do more in 30 days, we will continue to do more.”

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

Sarah Tew / CNET

Executive measures can be issued instead of or in addition to a bill

After the talks originally collapsed on August 7, President Donald Trump took unilateral action by signing one executive order and three memoranda on August 8th. It is possible that more executive measures will come.

During a news conference on Sept. 4, Trump said the administration could consider another executive measure to release $ 300 billion in stimulus aid into an unused U.S. account if Congress does not vote to redirect those funds.

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

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

Sarah Tew / CNET

Relief may wait until after the general election

With the November 3 election 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 US Congress – 35 Senate seats and all 435 seats – up for election in November, any majority change to the House or Senate and to the Presidency itself could shift the likelihood of certain laws being passed in one way or another.

The government’s response to the coronavirus pandemic is already playing a major role in the campaign at all levels. If an agreement is not reached soon, the topic of a relief package may well come up during town halls or debates held in the coming weeks.

No further action is taken at all

Unemployment remains at astonishingly high levels and a housing crisis weather at the horizon. If no action is taken on a relief package, individual bills or executive orders, it could potentially cause the economy to sink 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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