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Can a new standalone bill for a stimulus check still pass before the election? What we know

The clock is working for Congress to succeed in a deal earlier than breaking for the election.


Sarah Tew/PJDM

Will Congress assist the American folks with extra stimulus help in 2020? President Donald Trump issued two contradictory directives to the GOP by way of Twitter on Tuesday. First, he informed Republicans to halt negotiations with Democrats for another stimulus package. Earlier than the tip of the day, he tweeted that Congress ought to pass more economic aid, together with a second $1,200 stimulus check, and he would immediately sign it.

Trump’s opposing tweets, issued in the future after returning to the White Home from a three-day hospitalization with coronavirus symptoms — for which he continues to endure treatment reserved for extremely ill patients —  sharply punctuated a months-long journey by Republican and Democratic leaders to succeed in an settlement on a deal to fund packages that embrace small enterprise help, unemployment benefits and a second direct payment.

Wednesday morning, White Home Chief of Employees Mark Meadows confirmed that the administration needs standalone payments. “We’re nonetheless prepared to be engaged… I’m optimistic that there is about 10 issues that we can do on a piecemeal foundation,” Meadows said on Fox News.

Home Speaker Nancy Pelosi has already begun to talk with co-negotiator Treasury Secretary Steven Mnuchin and can continue discussions Thursday, Pelosi’s spokesperson tweeted, as plans take a brand new course. 

Why did Trump name off the larger stimulus bundle and what is the revised timeline for a brand new invoice to cross? We’ll share what we all know in regards to the all of a sudden tenuous way forward for negotiations and can replace this story typically as information develops.

Learn extra: The most important things to know about stimulus checks and every way your taxes affect stimulus checks.

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Why did Trump shut down the stimulus talks?

Earlier this week, Pelosi mentioned negotiators would attain a deal on a complete bundle “one way or another,” regardless of sticking factors. So why did Trump pull the plug?

With Election Day 27 days away, the reasoning Trump shared included his perception {that a} deal on a stimulus bundle would not be reached and that he needed the Senate to show its consideration to the nomination of Supreme Court associate justice nominee Amy Coney Barrett, the president’s choose. It has been prompt Trump and fellow high-ranking Republicans who tested positive for COVID-19 acquired the coronavirus on Barrett’s nomination day, at occasions the place masks carrying was not common. 

The Senate, which paused in-person ground votes till Oct. 19 after three Republicans tested positive with COVID-19, is already shifting ahead on Barrett’s nomination in committee conferences, which may happen remotely. Previous to Trump’s tweets, Senate Majority Chief Mitch McConnell had mentioned his chamber would reconvene to vote on a stimulus bundle if a deal was made.

A tweet from Trump early Tuesday made his want for extra help clear. “When, instantly after I win, we are going to cross a significant Stimulus Invoice that focuses on hardworking Individuals and Small Enterprise,” he tweeted.

When might a brand new coronavirus reduction invoice cross if nothing occurs earlier than Nov. 3? 

Pelosi Tuesday evening said Congress might choose up the thread on one other financial rescue bundle following the election. We have prompt 4 potential dates, primarily based on the brand new timeline, each earlier than and after the November election. These are speculative solely. Within the case of a second stimulus examine, here is how quickly we think the IRS could send one.

When might a standalone stimulus invoice or bundle cross?

Home votes Senate votes President indicators
Oct. 19 Oct. 20 Oct. 21
Nov. 9 Nov. 10 Nov. 11
Nov. 16 Nov. 17 Nov. 18
Nov. 23 Nov. 24 Nov. 25
Feb. 1, 2021 Feb. 2, 2021 Feb. 3, 2021

Did not the Home cross a brand new stimulus invoice? What is going on on?

On Oct. 1, the Home of Representatives handed a revised Heroes Act that features a second stimulus check and additional benefits equivalent to enhanced unemployment benefits for tens of thousands and thousands of Individuals. The brand new Home invoice, endorsed primarily by Democrats, has little likelihood of advancing by way of the Republican-controlled Senate, although.

In keeping with Pelosi, the vote on the revised Heroes invoice was impartial of ongoing negotiations with Mnuchin. If Pelosi and Mnuchin do agree on a brand new proposal, a brand new invoice would should be individually drafted and voted on in each the Home and Senate earlier than being signed into legislation. The whole value of the bundle and funding allocations like a baby tax credit score have remained chief sticking factors.

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Will America cross a brand new stimulus invoice? Either side agree extra help is critical.


Angela Lang/PJDM

Why did the Home cross Heroes 2.zero if talks have been ongoing?

The vote is believed to offer cowl for Home Democrats as they marketing campaign with no new reduction invoice, a lot because the Senate did earlier in September for Republican members with its $650 billion skinny bill. Like the thin Senate invoice, this new Home proposal has little likelihood of advancing within the different chamber.

What do Democrats and Republicans agree on?

Proposals from both sides include one other stimulus payment of up to $1,200 for people who meet the requirements, amongst subjects like help for airways, coronavirus testing and lengthening the Paycheck Safety Program for companies.

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Democrats and Republicans have disagreed on how a lot reduction help must be included within the stimulus bundle. 


Sarah Tew/PJDM

With talks on maintain, might the president take government motion?

After talks initially collapsed on Aug. 7, Trump signed an executive order and three memoranda the next day. It is potential extra government actions might be forthcoming if this closing try at negotiations fails earlier than the election, although there’s been no improvement after Trump first prompt his administration might consider another executive action to bypass Congress. 

It is unclear if Trump would pursue extra unilateral motion at this level.

Pelosi expressed doubt about Trump’s potential to make use of government orders for extra reduction funding.

“No. No. He cannot do that by government order,” she said Oct. 5. “He cannot do the cash with out the Congress of the USA. The facility of the purse begins within the Home.”

Trump’s earlier COVID-19 reduction executive actions tackle making an attempt to slow evictions, extending unemployment benefits to a lesser diploma and deferring payroll taxes till subsequent yr.

So what occurs now?

The scenario continues to be in flux. For now, we wait to see if there are any developments. Something might nonetheless occur. 

For extra data, here is how soon you might get your second stimulus check and what to know in regards to the HEALS, CARES and Heroes stimulus invoice proposals that might assist inform a closing bundle.



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Author

Shelby Brown