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Stimulus package negotiations at a crossroads: What is the status of a deal?



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Congress is on the clock to reach an agreement before it breaks for the election.

Sarah Tew / CNET

Capitol Hill is busy with the Senate hearing for Supreme Court nominee Amy Coney Barrett. And every legislator in Washington looks after election day on November 3. With so much else going on, negotiators can find a way forward to reach an agreement another financial stimulus package?

“No one is waiting until February,” Nancy Pelosi told CNN on Tuesday. “I want this a lot now, because people need help now.”

President Donald Trump is convinced that the Republicans would “agree” to an agreement that the White House is drafting with Pelosi, despite extreme backlash.

“Republicans should be strongly focused on filling in a wonderful stimulus package for the American people!” Trump tweeted Monday.

At the same time, the White House was lobbying Congress to reuse $ 130 billion in unused CARES funds for further assistance. Senate Republicans are also expected to vote on a new stimulus bill on Oct. 19 that could extend the paycheck program. Nor would it include another stimulus control.

However, a comprehensive stimulus proposal would include one new direct payment of up to $ 1,200 per person and very likely a change in the rules on eligibility for maintenance beneficiaries it could provides more money for families. (Here is biggest stimulus check takeaways to know.)

Read on for more information on the uneven path of stimulus calls. We update this story frequently.






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Can a stand-alone bill pass Congress?

Although Pelosis consistently rejects stand-alone bills in the absence of insurance, there will also be a major stimulus proposal to agree to, the idea is to once again be floated by the White House and Senate Republicans as a way to get around the bargaining network and deliver some help before the election.

On Sunday, Mnuchin and White House Chief of Staff Mark Meadows called on Congress to divert $ 130 billion in unused money from the wage protection program included in the CARES law. It would finance new financial support to small businesses or the aviation industry. (It is not enough to fund stimulus checks.) The Senate can also draft a minor bill, which at this point is unlikely to pass the House.

As for Trump, who is advancing a different executive order as he did in August? “No. No. He can not do this by executive order,” Pelosi said on October 5 when asked in an interview. “He can not make the money without the US Congress. The power of the purse begins in the house.”

Why did Trump stop stimulus talks and then double down?

President Donald Trump – while being treated for COVID-19 with one powerful steroid that is known to have side effects – told his team on October 6 to stop negotiating a new deal. Instead, he instructed Congress to send a stand-alone bill for another round of $ 1,200 checks and renew payroll assistance for airlines and other industries.

On October 9, he encouraged negotiators to “go big” on a new stimulus bill and on October 12, he urged other Republicans to “withdraw” the proper process for Barrett’s confirmation hearings “and go for STIMULUS for the people! !!”

According to Trump on October 6, his conviction that an agreement on a stimulus package would not be reached in the short term and the desire to quickly confirm the Supreme Court’s associate legal candidate Amy Coney Barrett led to the decision. Barrett’s confirmation hearing began on October 12.

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Democrats and Republicans have not agreed on how much aid should be included in the stimulus package.

Sarah Tew / CNET

When could a new relief permit be approved before or after the election?

With just a few weeks to go before the election on November 3, Congress will run out of time to send further help.

If talks fail before November 3, Pelosi has said that Congress could pick up the thread in another economic rescue package after the election. But with negotiations currently underway, we have proposed five possible dates, both before and after the November elections. These are just speculative. If a bill passes, here it is how quickly we think the IRS can send a second stimulus check.

When can a stand-alone stimulus bill or package pass?

The voices of the house

The Senate votes

The President signs

26 October

October 27

October 28

November 9

November 10

11 November

16 November

November 17

November 18

November 23

November 24

November 25

February 1, 2021

February 2, 2021

February 3, 2021

Did the House not pass a new stimulus bill?

On October 1, the House of Representatives passed a revised heroic act which includes one second stimulus control and additional benefits For example improved unemployment benefits for tens of millions of Americans. However, the new House proposal, mostly approved by Democrats, has little chance of advancing through the Republican-controlled Senate.

According to Pelosi, the vote on the revised hero proposal was 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 Senate before it was signed into law. The total cost of the package and funding allocations as a tax credit for children have been the main sticking points.

Why did the House vote on Heroes 2.0 if the talks continue?

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

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

Angela Lang / CNET

What areas 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 substances that help airlines, improved unemployment insurance and expand the payroll check program for companies.

So what happens now?

The situation is still in motion. We are currently waiting to see if there is any development. Anything can still happen.

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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