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Home / Tips and Tricks / Stimulus package negotiations full steam ahead, with a second check: Update now

Stimulus package negotiations full steam ahead, with a second check: Update now



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

Sarah Tew / CNET

Lawmakers in Washington will pass a comprehensive rescue package or a stand-alone stimulus control before valet? As of Friday, House Speakers Nancy Pelosi and Steven Mnuchin had not yet reached an agreement, but also made progress in talks that would last through the weekend, Politico reported.

“Covid Relief Negotiations Go Ahead. Go Big!” President Donald Trump tweeted on Friday after a wildly irregular week in which Trump wavered from interrupting talks on a comprehensive stimulus bill to urge them through.

It started Tuesday morning with Trump, currently being processed for COVID-19, calls stop for calls to clear one comprehensive stimulus package. On the same day, he 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. By the end of Friday, his administration was set to deliver language for a $ 1.8 trillion proposal, up from $ 1.6 trillion before Trump and two dozen others in his circle were diagnosed with COVID-19.

Confused yet? We break down everything below and update this story frequently as news develops.






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Why did Trump first stop stimulus talks?

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

With Election day Just over three weeks from there, 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 president’s pick. It has been suggested that Trump and other high-ranking Republicans who tested positive for COVID-19 acquired the 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.

And a tweet from Trump early on Tuesday clearly expressed a desire for more help: “When we win immediately after I win, we will implement a major stimulus bill focusing on hard-working Americans and small businesses,” he tweeted. By Friday, however, efforts to put together an overall bill had doubled.

When can a new relief permit be approved if the talks take off?

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

October 26

October 27

28 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

Didn’t the house just make 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 bill, 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 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.

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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 vote on Heroes 2.0 if the talks continued?

The vote is believed to provide coverage for the House Democrats when they fight without a new relief law, much like the Senate did earlier in September for Republican members with their meager $ 650 billion bill. Like the meager Senate proposal, this new chamber 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 $ 1200 for individuals which meets the requirements, among topics such as aid to airlines, coronavirus testing and expansion of the payroll check program for companies.

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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 closed talks?

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 consider another executive action 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 liberation work is about trying 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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