The chances of having a new economic rescue with relief for the coronavirus before the elections on November 3 are increasingly slim, and that is, It has been five months since the negotiations between Democrats and Republicans began, however, so far, the results remain null.
On your side, House Leader Nancy Pelosi remains reluctant to sign a deal less than $ 2.2 trillion, This figure has been rejected and criticized on various occasions by Republicans because the country is already in great debt thanks to the approval of the old CARES Law.
However, in order to gain more acceptance for the presidential elections, the leader of the White House, Donald Trump, mentioned being willing to sign a package greater than the 2.2 billion proposed by the Democrats, although of course, this would be rejected by the Senate Republicans who they have spoken out against a bailout of this magnitude on various occasions.
Second stimulus check: possible approval, payment and eligibility dates | Today, October 18
Currently, Republicans are working on a new $ 500 billion stimulus package, however, this would not include a second stimulus check. Although of course, it is most likely that this proposal will be rejected by the Democrats in Congress due to how small it is, well, previously the Republicans presented the light version of the HEALS Act, which was 500 billion and was quickly blocked by the Democrats.
In fact, McConnell plans to vote in the Senate on this $ 500 billion package, whose main objective is to keep the Paycheck Protection Program in operation. “My members think that half a billion dollars, highly specific, is the best way to do it,” noted the Senate Majority Leader, though he did not rule out the probability of supporting a larger package.
For now there is nothing to do but wait for Republicans and Democrats to reach a bipartisan agreement, although Experts on the subject say that the stimulus package will most likely arrive until after the presidential elections.
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