(UPDATE! $900B-BILL TODAY!?!) SECOND STIMULUS CHECK UPDATE $1200 & UNEMPLOYMENT BENEFITS 12/01/2020

(UPDATE! $900B-BILL TODAY!?!) SECOND STIMULUS CHECK UPDATE $1200 & UNEMPLOYMENT BENEFITS 12/01/2020

This morning lawmakers unveil a new bipartisan $900 billion stimulus package! What is included? Will congress support it? Can we get a stimulus deal done before the deadline of December 11, 2020 along side the funding bill? Today at 1pm EST Steve Mnuchin & Nancy Pelosi have a phone call to further discuss negotiations. What are my thoughts? Let’s discuss!

Today a new bill as introduced by Sens. Joe Manchin III (D-W.Va.), Mark Warner (D-Va.), Bill Cassidy (R-La.), Mitt Romney (R-Utah), and Susan Collins (R-Maine) who held a press conference introducing the new proposal.
“Our action to provide emergency relief is needed now more than ever before. The people need to know we are not going to leave until we get something accomplished,” Manchin said, flanked by about a half-dozen lawmakers. “I’m committed to seeing this through.”

It would provide $300 a week in federal unemployment benefits for four months — a lower amount than the $600 per week sought by Democrats, while still offering substantial relief to tens of millions of jobless Americans. The agreement includes $160 billion in funding for state and local governments, a key Democratic priority opposed by most Republicans, as well as a temporary moratorium on some coronavirus-related lawsuits against firms and other entities — a key Republican priority opposed by most Democrats. The measure also includes funding for small businesses, schools, health care, transit authorities, and student loans, among other measures.

Yesterday we say Chuck Schumer and Mitch McConnell publicly exchange comments about each other after just a few weeks ago we had heard them say they would begin making progress on a stimulus package. McConnell said the “all or nothing approach” Democrats have taking is stalling stimulus while Schumer said both side must give and didn’t speak highly of McConnell’s bills he tried to advance calling them a “GOP wish-list”.

Treasury Secretary Steven Mnuchin and Pelosi are scheduled to speak over the phone at 1pm on Tuesday, according to an official familiar with the plans. They expected to discuss both the must-pass government spending bill and stimulus efforts.

Economists have warned of devastating consequences for the economy and millions of Americans if no stimulus deal is passed. A number of relief programs are set to expire at the end of the year; 12 million Americans are on pace to lose their jobless benefits, and protections for renters and student borrowers are also set to expire.
Sources:
https://www.washingtonpost.com/us-policy/2020/12/01/stimulus-congress-coronavirus/
https://www.cnbc.com/2020/12/01/coronavirus-stimulus-update-senators-to-unveil-relief-bill.html

As updates come out, I will be sure to share.
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