Still, wall street analysts say all packages voted in the so-called „blade duck“ session – before newly elected members of the Senate and House of Representatives take their seats in January with Biden – should be much smaller than the more than two trillion dollars Democrats wanted. Today, COVID-19 and economic news have become furious after a bipartisan compromise to push Mitch McConnell into the Senate, Nancy Pelosi, Donald Trump and Joe Biden to pass a stimulus package at least in the short term, as Eric Levitz explains: Senator Bill Cassidy, a Louisiana Republican, told Fox News Sunday this week that he was confident that McConnell and President Donald Trump would agree to adopt the latest proposal. „This is not a stimulus package. It`s a discharge law. And that`s something for the next three or four months to help the poorest,“ Cassidy said. There may be a stimulus check, but it is part of another act. There are already signs that consumers may be cutting back on spending, as the increase in COVID 19 cases lowers their confidence in the economic recovery, coupled with a lack of new spending in Washington`s economy, Biden.C called the $908 billion proposal a „repayment“ for a larger, future stimulus package and stressed that relief „immediately needed“ for Americans to be „immediately necessary“ for Americans. , people facing forced eviction and those fighting for a mortgage have already been mentioned in the $3 trillion Democratic Heroes Act passed on May 15, which the House of Representatives revised to $2.2 trillion on October 1. If a stimulus package is reached before January 20, an agreement will be reached and the current House of Representatives and Senate will vote before the new Congress meets in January. If Trump signed the bailout, aid would likely expire in the coming weeks, with some groups receiving financial assistance before the end of 2020. A bipartisan group of lawmakers has been working for weeks on a $908 billion package of coronavirus assistance, much of which has been agreed upon. But lawmakers are still negotiating how to develop the two most difficult areas: funding for public and local aid and the type of legal protection to provide businesses, schools and other organizations active during the pandemic. Lawmakers said they hoped to reach an agreement in the coming days and would translate it into legislation.
Congressional leaders participated in the discussions, but could play a bigger role in the coming days. For months, Republicans and Democrats have been at odds over the extent of the next stimulus package. McConnell had launched a lighter proposal from Republicans, which cost more than $500 billion. Meanwhile, the Democratic-controlled House of Representatives passed a $2.2 trillion stimulus package in October, and the White House responded with a $1.8 trillion proposal. But the White House pushed Republicans to follow a new round of controls, and the Trump administration made its own offer Tuesday, which included payments of $600 per person. After some spoke publicly and privately about making a small group of low-income households available, Republicans announced their own HEALS law, which included a second round of business reviews of the same size and with the same eligibility criteria as the CARES Act. Over the past six months, lawmakers on Capitol Hill have struggled to agree on a second large-scale stimulus package to help Americans survive the economic consequences of the pandemic. However, after an initial increase in multiparty moods, which wanted to pass the CARES Act as early as March, the two parties have since remained very far apart.