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The stimulus agreement hangs on a thread: 4 things that can happen if dealers miss today’s deadline



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Negotiators in the White House are in a hurry to reach an agreement on the new stimulus package before Congress returns in August.

Sarah Tew / CNET

With Friday’s negotiations on the next stimulus package breaking down without an agreement, White House negotiators and Democrats remain in view of their next move and what other options are ahead of them.

Both sides still disagree on issues such as improved unemployment benefits, extending a draft moratorium and the amount of assistance offered in the Republican-enacted HEALS Act.

“I think there are many areas of compromise,” Treasury Secretary Steven Mnuchin said Friday after another round of talks on the bill. “I think if we can reach an agreement on state and local and unemployment, we will reach an overall agreement. And if we can not, we can not,” Mnuchin said.

There is still time, the two sides seem very far apart. “I offered them, we’ll take down a trillion if you add a trillion in,” House Speaker Nancy Pelosi said Friday. “They said, absolutely not. If we could do that, we would be within reach.”

Hoping to still reach an agreement, Senate Majority Leader Mitch McConnell said the House would meet on Monday instead of regretting its planned August recess. The House of Representatives gaveled in on Friday morning.

Here’s what the next few days may look like for the HEALS Act if the White House, Democrats and Republicans reach an agreement on the proposed legislation.

Scenario 1: An agreement is reached at the end of Friday

This seems like an unlikely scenario given the stalemate on improved unemployment benefits (Democrats want to extend the $ 600 a week subsidy; Republicans would like it reduced to $ 200), but last-minute political agreements have been known to happen.

In that case, the legislation can probably be put to a vote in a department as soon as Monday or Tuesday. Both chambers must vote before the legislation lands on President Donald Trump’s desk to sign. If we look at the timeline for the CARES law, after the Senate voted, the bill became law within three days.

When could you get your check?

House votes

The Senate votes

The President signs

Timeline no. 1: The legislation will be adopted next week

10th August

August 11th

12th of August

August 11th

12th of August

August 13th

12th of August

August 13th

August 14th

August 14th

August 17th

August 18

Scenario 2: No agreement is reached on Friday, but talks will continue on Monday

If an agreement is not reached today, negotiations can continue on Monday. In the event that discussions resume on Monday and an agreement is concluded next week, the bill can be signed by Trump as early as August 13.

Scenario 3: No deal, and Trump takes executive action

If an agreement on the new package is not reached today, the president has said he is ready to take executive action. And Mnuchin said Trump will consider that option this weekend.

Since Monday, the president has said he can seek executive action to prevent people from being evicted from their homes, turn off payroll taxes and extend improved federal unemployment benefits.

Scenario 4: No deal, and calls end

Another option, which can be devastating to millions of Americans, is for the deal to completely fall through. This can happen if both sides refuse to compromise on points in the bill. The bill could also die if the Senate votes it down after Parliament’s vote by agreement.






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What else can delay the stimulation package?

After the House has voted, the Senate may not agree to a particular part of the bill. If this happens, the Senate can send the bill back to the House to further discuss changes and ask the House to agree to those changes. If either the House and the Senate do not agree with part of the bill, they can request further negotiations to get a final version.

Once the Senate has received a full vote and approved the bill, the legislation will be moved to Trump’s desk. In the typical legislative process, the president has ten days to either sign or veto the bill. It is unlikely that Trump will wait to sign the bill when it reaches him, as he signed the CARES law about a day after the Senate passed it.

For more information, find out how soon you can get your second stimulus check and the main differences between the stimulus suggestions HEALS, CARES and Heroes.


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