Despite "Productive Day" The Stimulus Bill Still Hasn't Been Signed

wagnerap

On Monday, Democrats and Republicans left after a productive meeting but still haven't signed the new stimulus bill.

On Monday, Democrats and Republicans left after a productive meeting but still haven't signed the new stimulus bill, according to CNBC.

There are still issues to resolve according to those within the meetings. House Speaker Nancy Pelosi, Senate Minority Leader Chuck Schumer, Treasury Secretary Steven Mnuchin, and White House Chief of Staff Mark Meadows met for more than two hours at the Capitol building. Pelosi said the meeting was "productive," and that “we are moving down the track, but still have our differences.” 

Schumer added saying “we’re making some progress on certain issues, moving closer together.” He continued,“there are a lot of issues that are still outstanding, but I think there is a desire to get something done as soon as we can.”

Lawmakers are pressed to pass a new bill since the $600 per week federal unemployment benefit expired last Friday. The debate to extend the unemployment benefits has been the main point of argument for the deal. Democrats are pushing for a continuation of the $600 boost, while Republicans support slashing it to $200 a week. Schumer stated that Republicans are “sticking to their position.”

Pelosi wants to keep the $600 boost until the employment rate sees a significant decline. “As the unemployment goes down, the number can go down,” she said. Republicans and Democrats are also clashing over liability protections for corporations.

However, both parties agree on another round of direct payments up to $1,200 to Americans. Senate Majority Leader Mitch McConnel believes Democrats aren't negotiating in good faith. “The speaker of the House and Democratic leader continue to say our way or the highway,” he said, calling on Pelosi and Schumer to “get serious about making a law.” 

“I’m not optimistic that there will be a solution in the very near term,” Meadows said.

Pelosi is scrutinizing the Republicans for their lack of urgency. “A building is on fire and they’re deciding how much water they want to have in the bucket,” she said.

View the Full Story Here.

Comments

Economics, Finance and Investing

FEATURED
COMMUNITY