- A new short session of Congress will begin on Monday at which a new coronavirus stimulus law can be passed.
- Both President Trump and President-elect Biden have said they want Congress to reach an agreement.
- But for months, Democrats and Republicans have been fighting over the details of funding packages – from $ 500 billion to more than $ 2 trillion.
- Democrats are in favor of a comprehensive package of unemployment benefits, while the government supports a smaller bill that is closely focused on helping businesses.
- Another open question is whether to issue an additional $ 1,200 check directly to Americans.
- Congress has little time to settle disagreements and the stalled government waiting to be resolved.
- Visit the Business Insider website for more news.
Congress will meet again on Monday and offer a new chance to accept the incentive bill to bring more cash into the U.S. economy. But time is short.
Lawmakers are returning to Washington for a short session that will end before Christmas. They also need to avert the impending government shutdown that will begin on December 11 without new legislation.
Republicans and Democrats have been deadlocked for months on a new coronavirus-free bill, despite pressure from President Donald Trump and President-elect Joe Biden to close the deal.
The CARES Act in March allowed spending $ 2 trillion, but expired in July.
The parties have since become embroiled in strife and have not been able to bridge a deep divide over how much incentive money to spend and where to send it.
Democrats want a big $ 2.2 trillion aid plan that includes reviving $ 600 a week in unemployment benefits in the first exemption bill, as well as a $ 1,200 payment to Americans in a second round.
This includes support for small businesses as well as state and local government agencies struggling with the increased costs of the coronavirus.
Republicans have argued for a smaller aid package, arguing that the economy is better than expected. They want about the same number as the $ 500 billion package proposed in September, making it easier for small businesses and increasing public health funds.
Senate Republicans have not credited a $ 1,200 check to their most recent aid bill proposed in October, per CNBC. In previous rounds of negotiations, the parties agreed on further inspections, but this consensus may no longer exist.
President Donald Trump has repeatedly supported a support bill ahead of the November 3 election, although he has mentioned the issue less frequently since the focus has been on unfounded controversy over the loss against Joe Biden.
However, he reiterated his calls for the bill to be passed in a November 14 tweet.
“Congress must now bring in a Covid Relief Bill. It needs the support of Democrats,” Trump said. wrote on Twitter. “Be big and focused. Make it!”
Biden called on Congress to act urgently and adopt a democratic version of the draft aid.
“Now Congress needs to come together and hand over a COVID aid package like the Heroes Act passed by the House six months ago.” tweeted on November 16th.
Read more: Joe Biden hires about 4,000 political staff for the White House and federal agencies. According to 3 experts, you can increase your chances of getting a job in the new administration as follows:
According to the Associated Press, the key points of attachment are “Pelosi’s need for state and local government support and McConnell’s need for liability protection for businesses reopening in a pandemic.”
But it’s not just discussions about the relief of COVID-19 at the lame-duck meeting. If the two parties are unable to reach a government funding agreement, the emergency funding bill expires on December 11, leading to the government being shut down.
There is a lot of pressure on lawmakers to find their way out of the impasse, businesses are asking for help to see through them during the winter, and coronavirus cases are soaring.