Republicans and Democrats had reached a stalemate in negotiations on a broader stimulus package earlier this summer, and it was thought to be further compounded by the political stance surrounding the death of the Supreme Court justice. Ruth Bader. Ginsburg on Friday.
During a House hearing with Federal Reserve Chairman Jerome Powell and Treasury Secretary Steve Mnuchin yesterday, several members asked the men about more stimulus.
Memorably, Al Green (D-TX) joked: “Economic impact payments must be made because rent must be paid.”
According to CNBC, Representative Rashida Tlaib (D-Mich) asked point-blank: “Yes or no, do you think another stimulus check could help stabilize the economy?” “Yes,” Mnuchin said. “The administration supports another stimulus payment.” Powell also agreed that the economy needed more help from the government.
But neither Democratic nor Republican leaders support passing a second round of stimulus controls in a separate bill. Instead, it would be through a comprehensive stimulus package, on an issue where the two parties are still $ 900 billion apart: Democrats are pushing for a $ 2.2 trillion package and the White House for 1.3 trillion dollars.
The good news? The first hurdle to restarting stimulus denials was overcome Tuesday when Democratic and Republican leaders agreed to an interim funding bill that would prevent a government shutdown in late September. The bad news? It is unclear when or if negotiations will restart.
But they clashed on other issues such as aid to the states (which the Republicans opposed) and the size of the overall package.
Last week, President Trump voiced support for a bipartisan compromise that included checks for $ 1,200. The problem-solvers group’s proposal also included $ 450 in weekly enhanced unemployment benefits and $ 500 billion for state and local government funding. But the proposed portion of government aid was well below the trillion dollars that Democratic leaders are seeking.
