New stimulus package: where do things stand today?

It has been months since the aid provided by the CARES Act expired, and Congress has not yet reached an agreement to pass a law that would bring more aid to Americans still struggling to make ends meet. Read on to know where do things stand today.  

After months of negotiations, in the last days, the White House and House Democrats were making an effort to reach an agreement before November 3rd. But when, finally, they seemed to be making progress, talks stalled again days before the 2020 election.

Responding to criticism that Republicans rushed to confirm Supreme Court Justice Amy Coney Barrett before the election without passing coronavirus aid, Senate Majority Mitch McConnell said on Monday that they had been working on coronavirus relief.

“Unfortunately, the Speaker has not been able to agree to anything remotely reasonable. We can do two things at once and we were trying to do two things at once,” he said to Fox News.

Meanwhile, according to CNBC, Senate Minority Leader Chuck Schumer said that the GDP report is evidence that earlier federal stimulus worked and that Congress needs to send more relief.

“These numbers mask the reality that 23 million Americans remain on unemployment and tens of thousands of small businesses have already gone under,” Schumer said in a statement. “Our nation still has a long way to go before we overcome this public health crisis and our economy fully recovers.”

While Congress, for months, hasn’t been able to send more aid to Americans, polls show voters broadly want additional relief and consider coronavirus stimulus their top legislative priority.

Congress left Washington and will be back after Tuesday, which means that, in the end, lawmakers will not send relief before the election. 

House Speaker Nina Pelosi signaled to Mnuchin that she wants to continue discussions after the country votes, and even though talks again stalled in the week prior to the election, she told reporters on Thursday that she still hopes to strike a deal before the winners of next week’s presidential and congressional elections take office in January.

The result of the election could determine whether negotiators can reach a stimulus deal in the months before the next president and Congress take office in January.
 

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