For months, discussions have continued between Democrats and Republicans to extend the “Cares” law, which was approved in March with the outbreak of the Corona virus and allows spending $ 2.2 trillion to stimulate the economy, before it expires.But the disagreement between the two parties to reach a new stimulus plan still exists over the amount and forms of spending, as Democrats insist on helping stumbling state and local governments, which Trump categorically rejects.
Democrats are seeking to pass a broad stimulus bill worth $ 2.2 trillion, while the Trump administration raised its latest bid to $ 1.8 trillion.Last week, US Treasury Secretary Stephen Mnuchin announced that no agreement has yet been reached with Democratic lawmakers on a new stimulus package for the US economy, despite some progress.
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