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Stimulus package negotiations begin again, with a second check: What to know right now



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It is time for Congress to reach an agreement before it breaks for the election.

Sarah Tew / CNET

Will legislators in Washington finally gather to approve more stimulus aid this year? President Donald Trump, currently being processed for COVID-19, tried to stop calls to clear one comprehensive stimulus package and then made a face and called on Congress to focus on independent rescue bills for rescue aid from airlines, small businesses and a second stimulus check for $ 1,200– all during the course of Tuesday. On Thursday, full-fledged calls seemed to be back.

According to a report by the Washington Post, the issues still under discussion include an incentive payment of up to $ 1,200, a reintroduction of the additional unemployment benefits that expired on July 31, and a $ 75 billion allocation for coronavirus testing and contract tracking.

There is still an urgent need for financial support in the United States, where first-time unemployment claims once again peaked at over 800,000 last week and companies in industries continue to struggle through coronavirus-induced recession. Nationwide economists, including Federal Reserve Chairman Jerome Powell, warn of the serious consequences that will affect economic recovery and livelihoods if little or no support comes.

There is a lot to follow, but we have simplified things below. Come back to this story for regular updates.






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Why did Trump pause stimulus talks?

Earlier this week, House Speaker Nancy Pelosi said negotiators would reach an agreement on a comprehensive package “in one way or another”, despite sticking points. So why did Trump pull the plug?

With Election day over three weeks away, the reasoning included Trump shared his belief that an agreement on a stimulus package would not be reached and that he wanted the Senate to turn its attention to the nomination of the Supreme Court’s Deputy Justice candidate Amy Coney Barrett, the presidential election. It has been suggested that Trump and other high-ranking Republicans who tested positive for COVID-19 acquired coronavirus on Barrett’s nomination day, at events where masking was not universal.

“The president is, shall we say, in a changed state right now, so I do not know how to answer for his behavior,” Pelosi said on Thursday.

The Senate, which paused personal votes until Oct. 19 after three Republicans tested positive for COVID-19, is already moving forward on Barrett’s nomination in committee meetings, which can take place remotely. Prior to Trump’s tweets, Senate Majority Leader Mitch McConnell had said his House would convene again to vote on a stimulus package if an agreement was reached.

And a tweet from Trump early on Tuesday clearly expressed a desire for more help: “When we win immediately after I win, we will send a larger stimulus bill focusing on hard-working Americans and small businesses,” he tweeted.

On Thursday, however, Trump said in an interview with Fox Business: “We are starting to have very productive talks” about more fiscal aid, especially pointing to aviation aid and $ 1,200 stimulus checks.

When could a new coronavirus bill go if nothing happens before November 3?

Pelosi said Tuesday night that Congress could pick up the thread on another economic rescue package after the election. However, Trump is calling for action now. We have proposed five possible dates, based on the new timeline, both before and after the November election. These are just speculative. In the case of a second stimulus control, here is how fast do we think the IRS can send one.

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

The voices of the house

The Senate votes

The President signs

19 October

October 20

21 October

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

Has Parliament not recently approved a new stimulus bill? What’s the story?

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.

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

Angela Lang / CNET

Why did the house pass Heroes 2.0 if the talks continued?

The vote is believed to provide coverage for the House Democrats when they campaign 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.

Where do Democrats and Republicans agree?

Suggestions from both sides include another incentive payment of up to $ 1,200 for individuals which meets the requirements, among topics such as aids for airlines, coronavirus testing and expansion of the company payroll check program.

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

Sarah Tew / CNET

Can the President take executive action with stopped calls?

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

It is unclear whether Trump would continue with more unilateral action at this time.

Pelosi expressed doubts about Trump’s ability to use executive orders for additional aids.

“No. No. He can not do this by executive order,” she said on October 5. “He can not make the money without the US Congress. The power of the bag begins in the House.”

Trump’s previous COVID-19 measures to enforce relief address to try slow expulsions, extension unemployment benefits to a lesser extent and defer payroll taxes until next year.

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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