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GOP’s COVID Aid Act failed: Here’s what could happen next



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The stimulus bill could still be saved – we just have to wait and see.

Angela Lang / CNET

With the Senate failing to pass the Republican-backed “thin” coronavirus relief bill last week, White House and Democrat negotiators will have to retrace their steps and find areas of consensus if they want to tinker an economic stimulus plan Americans and businesses to help.

“We made compromises last winter,” White House economic adviser Larry Kudlow said on Friday. “We should do it again.”

Among the measures at issue is a second stimulus test. “We have to strive to find common ground,” said House spokeswoman Nancy Pelosi on Friday. “I’m optimistic. I think we should come to an agreement. We all want that.”

As the House of Representatives returns to work this week, the GOP leadership will be guarded outside Congress, which previously passed a new bailout bill the election on November 3rd.

“I cannot predict that we will meet here in the last two months before the elections,” Senate majority leader Mitch McConnell said on Friday. “I wish I could tell you we’d get another package, but it doesn’t look that good right now.”

So what are the next steps? There are at least five possible scenarios that could play out depending on what happens next on Capitol Hill. We update this story regularly.

A single comprehensive auxiliary bill could be on the table again

Formal talks on the overarching bill don’t have to resume yet, but the Senate returned from hiatus last week and the House of Representatives is scheduled to go back to work this week Passing on the USPS invoice during the break.

The total cost of the bill is the basic dispute. The White House has hinted it could climb to $ 1.5 trillion, while the Democrats have dropped from their original proposal of $ 3 trillion to $ 2.2 trillion, making gradual progress. (The failed Republican bill was valued at $ 300 billion to $ 650 billion.)






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Next Stimulus Tests: What To Expect




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The forecast of another stimulus calculation that took place before Presidential election fluctuates from day to day. On the campaign path – digital or in person – the leadership’s coronavirus response is expected to be the focus for candidates at all levels, increasing political pressure to pass the next wave of bailouts or at least formulate a fail-safe plan.

Here we present a speculative timetable with dates when an aid law could be passed when talks resume next week. It is based on congressional voting plans and the potential to postpone a scheduled hiatus or return home early to pass a bill.

When could the stimulus bill be passed?

Senate votes

House votes

President signs

Possible timetable if the legislation is passed in September

September 22

September 23rd

September 24th

30. September

October 1

October 2nd

October 6th

October 7th

8th October

the 20th of October

October 21

October 22nd

Concentrated minor calculations could happen instead

The Senate’s narrower proposal, dubbed Emergency Aid to America’s Families, Schools, and Small Businesses, failed to pass a Senate vote. However, he suggests a way that coronavirus aid can be delivered in pieces and potentially bypassed the partisan-plagued flare-ups that these new stimulus laws have been speaking for over a month.

The house submitted one of the first of these piece invoices to be made available Funding to the US Postal Service before a choice in which there will probably be many Vote by email.

“Let’s do a more focused bill now,” Treasury Secretary Steven Mnuchin said on September 6 in support of the thin GOP bill. “If we have to do more in 30 days, we will keep doing more.”

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The end of all talks would be devastating to millions of Americans.

Sarah Tew / CNET

Executive action could be taken in place of or in addition to an invoice

After talks originally collapsed on August 7, President Donald Trump took unilateral action with his signature an executive order and three memoranda on the 8th of August. It is possible that further executive actions will come.

During a September 4 press conference, Trump said the administration could consider another executive move to free up $ 300 billion in stimulus funds in an unused account for Americans if Congress doesn’t vote to divert those funds.

Trump’s current address for COVID-19 relief efforts Slowing down evictions, extend Unemployment benefits to a lesser extent and Postpone wage taxes until next year.

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Democrats and Republicans disagreed on how much aid should be included in the stimulus package.

Sarah Tew / CNET

The relief can be suspended until after the general election

With the November 3rd elections less than two months away, the atmosphere in Washington may be too political to pass more economic relief laws and leaders may want to see what happens after the election.

With 470 seats in the U.S. Congress – 35 seats in the Senate and all 435 seats in the House of Representatives – up for election in November, any change in majority in the House or Senate and the Presidency itself could shift the likelihood of certain laws being passed be in a way.

The government’s response to the coronavirus pandemic is already a big part of the campaign at all levels. If an agreement is not reached soon, the issue of an aid package could very well be raised in town halls or debates in the coming weeks.

No additional measures are taken

Unemployment remains at an astonishingly high level and a Housing crisis looms at the horizon. If no action is taken on an aid package, individual bills or executive orders, it could potentially cause the economy to falter a deeper recessionAs economists say, the damage already done is starting to mirror the great recession of the late 2000s.

More information can be found here How soon could you get your second stimulus check? and what to know about that HEALINGS, CARES and Heroes Suggestions for stimulus packages that could help produce a final package.


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