Trump says stimulus check 2 talks back on — what you need to know

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Trump says stimulus cheque 2 talks dorsum on — what yous need to know

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Subsequently all of a sudden calling off stimulus-bill negotiations earlier this week — and and so suggesting that the possibility of consensus remained on smaller, standalone relief bills — President Trump has at present reversed his position completely, reopening the door for a stimulus check 2 deal with Democrats.

The Colina reports that in an interview with Pull a fast one on Concern on Thursday forenoon (Oct. viii), Trump said stimulus-beak talks were "starting to work out." These comments came less than 48 hours  after the president tweeted that he had told administration officials to cut off stimulus-pecker negotiations until afterward Ballot Solar day.

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After his tweets sent the stock market into a tailspin, Trump followed upward with a pledge belatedly Tuesday (Oct. 6) to provide $i,200 stimulus checks "immediately" in a standalone neb.

On Wednesday (October. 7), White House Principal of Staff Marking Meadows and Treasury Secretary Steven Mnuchin said they were working on bills that broke out aspects of the comprehensive stimulus package into smaller pieces, including one that bailed out the suffering airline manufacture.

However, Trump'south most recent comments suggest that a big stimulus parcel is back in play, which Business firm Speaker Nancy Pelosi (D-California) confirmed afterwards Thursday.

"We're at the table. We desire to go on the conversation. We've made some progress. Nosotros're exchanging language. So we'll run across how we connect," Pelosi told reporters.

She also noted that there "ain't gonna be no stand-alone bill unless there'southward a bigger bill," shutting down the president's proffer to provide piecemeal relief.

Politician reported that Pelosi and Mnuchin had connected to talk despite Trump'due south order to cut off negotiations, and that the two had discussed a comprehensive stimulus beak Wednesday evening.

Where does each side stand up?

The back-and-forth has left a lot of Republican lawmakers anxious, especially with the election less than xxx days away.

Sen. Lindsey Graham (R-South Carolina), who is facing a tough claiming in November, is pushing the White House and Congress to consider the Firm's bipartisan $ane.5 trillion Trouble Solvers pecker. On top of that, a number of Business firm Republicans have expressed disapproval at the president'southward handling of stimulus relief.

Meanwhile, Pelosi and Mnuchin are stuck at $2.ii trillion and $one.6 trillion, respectively. The House passed a revised HEROES Act last week — it'due south been pared downward from its original $3.4 trillion — but the two sides have been unable to bridge the $600 billion gap. Both agree that whatever proposal should include $1,200 directly payments for some Americans.

All paths lead through the Senate

But for anything to motility forward, the GOP-controlled Senate has to exist on lath, and that might be tough going.

Senators haven't considered any stimulus legislation since their $500 billion "skinny" beak failed to advance last calendar month. The $one.1 trillion HEALS Act the Republican leadership presented in July has never been put to a vote, and it's still not clear whether a majority of GOP senators would back it.

Political leader said today that at least four prominent Republican senators were either opposed to or leaning against an airline bailout in any grade. If the Senate passes a comprehensive stimulus bill, the bulk of the votes may accept to come from the Democratic minority in the sleeping accommodation, an outcome that the Republican leadership would rather avoid.

The Senate won't be back in session until Oct. 19, at which point lawmakers program to focus on Supreme Courtroom nomination hearings. The House has already proposed and approved several stimulus bills — and every bit CNBC points out, the ball is at present in the Senate's court.

Emily Long is a Utah-based freelance writer who covers consumer technology, privacy and personal finance for Tom's Guide. She has been reporting and writing for nearly 10 years, and her piece of work has appeared in Wirecutter, Lifehacker, NBC BETTER and CN Traveler, among others. When she's not working, you can find her trail running, teaching and practicing yoga, or studying for grad school — all fueled by coffee, obviously.

Source: https://www.tomsguide.com/news/stimulus-check-trump-talks-back-on

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