After months of negotiations between the White House and House Democrats, and with the elections behind us, an agreement regarding a new relief package that would contain a second direct payment remains to be reached. How could this scenario be modified with the change of administration that Biden's victory means?
After November 3, the challenge is still reaching a compromise between House Democrats, Senate Republicans, and the White House. Even though post-election talks don’t seem to be coming closer to a deal, new developments could change the dynamics of the ongoing negotiations.
Before the election, the discussions over a new relief bill mainly took place between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, as a representative for the White House.
The fact that, post-election, Mnuchin and the rest of the Trump administration have mostly let Senate Majority Leader Mitch McConnell, take the lead, has got many people thinking whether or not more coronavirus aid will come together before Biden takes office.
Consulted about this, Ed Mills, Washington policy analyst at Raymond James said: “It’s very unlikely there’s going to be a new approach between now and Jan. 20,” according to CNBC.
December 11 is the deadline to avoid a government shutdown, and this date could prompt action on the stimulus but, so far, those dates have not changed the deadlock, Mills added.
Although many doubted Trump would be in favor of signing a relief bill after his defeat, the president urged Congress, from his Twitter account, to do another stimulus package now. “Make it big and focused,” he said.
The plan for more coronavirus economic aid presented in Biden’s presidential campaign included enhanced unemployment, money for small businesses, and additional $1,200 stimulus checks. He also called for emergency paid sick leave, forgiving at least $10,000 in federal student loans per person and increasing monthly Social Security checks by $200 per month for the duration of the pandemic.
According to subject matter experts the fact that Joe Biden will be president on Jan. 20, and not Donald Trump, could have an effect on the negotiations before the inauguration, and most certainly after it, especially if Republicans do not maintain the Senate majority.