قالب وردپرس درنا توس
Home / Tips and Tricks / Stimulus negotiations inch against agreement then Trump hospital with COVID-19. And now what?

Stimulus negotiations inch against agreement then Trump hospital with COVID-19. And now what?



    026-cash-stimulus-empty-wallet-economic-crisis-dollar-banknote-currency-2020

The clock is ticking for Congress to reach an agreement before breaking the election.

Sarah Tew / CNET

In a chaotic week booked by the first presidential debate and President Donald Trump’s hospital stay with COVID-19, House Speaker Nancy Pelosi and Finance Minister Steven Mnuchin continue to push for an agreement for a second financial rescue proposal that would give one second stimulus control and other support such as coronavirus pandemic exceeds 1 million deaths worldwide.

“I’m optimistic. I’m always optimistic,” Pelosi told MSNBC on Friday about reaching an agreement. “We must always find a way. It is our responsibility to do so. And I think we will do it.”

It is not clear whether Trump’s illness and the growing number of positive COVID-19 cases among Republican leaders could increase the progress made by both sides, or whether the spread of coronavirus through GOP leaders will underscore the urgent need to agree on a bill. Before November 3 presidential election.

In a letter to colleagues on Friday, Pelosi outlined the major differences the two sides need to bridge from improved unemployment benefits to local funding: “We expect a response from the White House on these areas and others with more details. In the meantime, we continue to work on the text to move quickly to facilitate an agreement.”

Mnuchin also contacted Senate Republicans on Thursday to prepare them for the outlines of a deal, The Washington Post reported.

Mnuchin and Pelosi are expected to continue talks over the weekend, Politico reported. What happens next with negotiations in light of Trump’s hospital stay? We have presented some possible results. Come back for updates.

Read more: most important things to know about stimulus controls and how taxes and stimulus checks are like two peas in a ski.






Now playing:
Check this out:

Next Stimulus Controls: What to Expect




3:03

What effect does Trump’s hospital stay have on stimulus bill negotiations?

Because now it’s uncertain. Mnuchin and Pelosi are expected to continue discussions.

“Maybe it’s going to be the moment where people will say, ‘OK, masks, sanitation, treatment,'” Pelosi said Friday morning before Trump was hospitalized. “It can be a learning experience.”

Pelosi and Mnuchin have both tested negative for COVID-19.

The current mood for stimulus assistance negotiations

After weeks of stalled negotiations, Pelosi and Mnuchin spoke daily for the past week as they continue to work for an agreement on coronavirus assistance.

After the letter Pelosi sent to the House Democrats discussing the areas, the speaker and Mnuchin spoke, according to Pelosi’s Deputy Chief of Staff, to discuss the outstanding issues that Pelosi outlined in his letter.

Senate Majority Leader Mitch McConnell seemed cautiously optimistic the two sides working toward the center. “I think we are closer to a result,” he said on Friday.

What does the Heroes 2.0 vote mean for stimulus negotiations?

On Thursday night, the House of Representatives passed a revised hero law that includes a second incentive check and additional benefits that improved unemployment benefits for tens of millions of Americans.

The new party house proposal has little chance of advancing through the Republican-controlled Senate.

According to Pelosi, the vote on the revised hero proposal is independent of ongoing negotiations with Mnuchin. If Pelosi and Mnuchin agree on a new proposal, a new bill would need to be drafted separately and voted on in both the House and the Senate before it is signed into law. The total cost of the package and funding allocations as a tax credit for children have been the main sticking points.

money-cash-dollar-bills-8084

Will America approve a new stimulus bill? Both sides agree that more help is needed.

Angela Lang / CNET

Why did the House vote on Heroes 2.0 if talks are ongoing?

The partisan vote is believed to provide coverage for House Democrats when they run campaigns without a new relief law, much like the Senate did earlier this month for Republican members with their meager $ 650 billion bill. Like the meager Senate bill, this new House proposal has little chance of advancing in the second chamber.

What do Democrats and Republicans agree on?

Suggestions from both sides include another incentive payment of up to $ 1,200 for individuals which meets the requirements, among topics such as airline assistance, coronavirus testing and the extension of the Paycheck Protection Program for companies.

When is the fastest time a new coronavirus helper can pass now?

With the House scheduled to break up after its session on Friday and the Senate going out next week, negotiators have time to reach an agreement on another stimulus package before election day. If the negotiations continue, it is the last day that a new bill goes into the air, as schedules for breaking can be extended by the leaders of the Senate and the House of Representatives.

If both sides reach an agreement, it could take a week or more before a vote is taken, Politico said.

Possible timelines for when a stimulus bill can pass

The voices of the house

The Senate votes

The President signs

October 8

October 9 (last official day of the Senate session)

October 13 (Columbus Day is October 12)

October 16

19 October

October 20

October 23

October 26

October 27

October 30

31 October

November 2

As we approach November 3, the time will be short for Congress to agree on a bill and then for Trump to sign it for checks to arrive before election day.

If the negotiations fail, could the president seek executive action?

After the talks originally collapsed on August 7, Trump signed one executive order and three memoranda the next day. It is possible that more executive action could come if this final attempt at negotiation fails before the election, but there has been no development since Trump first suggested that his administration consider another executive measure to circumvent Congress.

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.

    break-with-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

Could the calls be resumed after the election results are in?

If the current sprint of talks dead end, leaders may want to see what happens in the period after choice on November 3 and before the inauguration on January 20, 2021. Pelosi and Congress Democrats may also believe that they can reach a more favorable deal in 2021, depending on the election result.

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

How about sending narrow, stand-alone bills instead?

If the two sides reach an agreement but the Senate rejects the new bill, some in Washington say the way to break the deadlock is to send a series of even narrower bills targeting specific areas – such as the entertainment and aerospace industries – but it is unlikely that it happens before the election.

The Senate Republicans made an attempt with their delivery immediate relief to America’s families, schools and small business law, but that proposal failed in the Senate. 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.

What happens now?

At present, there is nothing to do but wait and see how Trump’s recovery progresses and how the ongoing negotiating efforts play out.

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.




Source link