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Senate stimulation proposal: 5 things that can happen with another help package



    money-dollar-bills-cash-stimulus-taxes-covid-coronavirus-america-7075

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

Angela Lang / CNET

The White House and Democratic negotiators can come to a closer agreement another stimulus package to stimulate the economy. The White House has reportedly signed a $ 1.5 trillion price tag for the bill, according to Politico. That’s true of the original $ 1 trillion proposal. Democrats have also come down from their original $ 3 trillion proposal to $ 2.2 trillion.

“I’m more optimistic today than I have been in a long time,” White House Chief of Staff Mark Meadows said Tuesday about the prospects for a new stimulus bill. Meanwhile, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer wrote a joint statement expressing frustration over the law’s progress.

Schumer told CNN on Wednesday that he believes there is a “good chance” that a two-part COVID relief will pass, Reuters reported. Meanwhile, the Senate will vote this week on the Republicans’ new “lean” proposal, which is not expected to pass the House of Representatives.

Congress and the White House have already agreed to send one second stimulus control as part of a larger rescue bill for coronavirus, but the total amount and mix of programs that will receive funding is controversial. When the Senate returns and the House returns to Washington next week, the pieces will soon be in place for a vote if a bill comes together.

With presidential election About two months away, both sides are under increasing pressure to produce more aid for Americans. Here are five scenarios that can happen with the stimulus package in the coming days and weeks.

A single large relief bill can pass

A single bill is dependent on a two-party agreement the total cost of the stimulus packageand agreement from the White House. President Donald Trump must sign the bill.

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

Here is a chart with speculative dates for when we could see a settlement bill approved. 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 17

September 22

September 23

September 29

September 30

September 31st

October 6

October 7

October 8

October 20

21 October

22 October

Smaller bills could pass instead

We can also see less legislation being proposed. 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.

The Senate is expected to unveil a “thin” coronavirus stimulus package this week. The Senate Stimulation Bill may present another way to break the bargaining log, even if the House is expected to block it.

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

The exclamation point of this proposed package is called to deliver immediate relief to America’s families, schools, and small businesses (PDF). second round of stimulus checks.






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

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

At a news conference last week, 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 work is about slows down evictions, extension unemployment benefits to a lesser extent and defer payroll taxes until next year.

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

Sarah Tew / CNET

Relief can wait until after the election

With the election on November 3 two months away, the atmosphere in Washington could 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 in the coming weeks.

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

Sarah Tew / CNET

If no further action is taken

Unemployment is still at dizzying levels and a housing crisis weather at the horizon. Failure to take action for 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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