White House Anti-Epidemic Stimulus Packages…
The White House abandons hopes for a stimulus package before the election, and it is expected that it will take several weeks to reach an agreement
The White House on Tuesday seemed to finally accept the opinion of most observers that a package of anti-epidemic stimulus packages will not be reached before the election.
White House spokesperson Alyssa Farah said on Tuesday: “We are confident that there will be results in the next few weeks.” When asked whether this meant that this week’s agreement was hopeless, she said: “What we hope is that within a few weeks, I don’t want to talk about it too soon before making any announcements.”
Late Monday, the senators left Capitol Hill and entered the pre-election recess period, which made it practically impossible to pass the bill before election day.
The months-long deadlock in negotiations has made the US economy more vulnerable to the impact of the rebound of the new crown epidemic. The details of the package that will be launched after the November 3 elections are not yet known and are likely to be affected by the election results.
The latest call between the Speaker of the U.S. House of Representatives Nancy Pelosi and Secretary of the Treasury Steven Mnuchin on Monday did not reach consensus on the scale of the stimulus case and the wording of the text. The Trump administration’s latest proposal is $1.9 trillion. The Democrats are asking for $2.4 trillion.
Focus on November
Senate Appropriations Committee Chairman Richard Shelby, Republican of Alabama, said on Monday, “We will be back in November. The question may be, will there be anything at that time?”
If Trump is re-elected and the Republicans continue to control the Senate, the scale of the stimulus package passed by Congress may be smaller than Pelosi’s expectations. Senate Republican leader Mitch McConnell has always criticized the relief bills promoted by the Democrats for being too large and containing things that have nothing to do with the fight against the epidemic. He tried to advance a $500 billion bill in the Senate last week, but was blocked by the Democratic Party.
If Joe Biden wins and the Democrats regain control of the Senate, it will clear the way for the introduction of a larger stimulus bill, but if the Republicans refuse to surrender control of the Senate in the remaining weeks, a vote on the stimulus bill may be possible. It will be postponed until 2021.
If no party can completely win the White House and Congress, the situation will be more complicated. But before the new Congress takes office in the mid-term, the Republican Party needs 13 members of its own party to join the Democratic camp to promote the passage of the stimulus bill in the Senate. The Republican leadership doubts whether 13 people can appear.
White House anti-epidemic stimulus packages - /10