Stimulus Update 10-17-20: CEOs Fight for Stimulus Check & Package (McConnell and Trump Disagreement)

CEO is taking shots at Congress and president TRUMP adding pressure to pass a bill. These companies donate money to campaigns. Here is your daily Stimulus check update.
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Here’s your daily stimulus check, your second stimulus check, your executive action, order, memorandums, moratoriums, and stimulus package update for Saturday, October 17th.

Walmart CEO Doug McMillon is urging Congress to work together and pass a stimulus deal.

He said lawmakers on both sides should “hammer out an agreement.”

McMillon told CNBC, “For both sides, I think what they need to keep in mind is that there are Americans that need them, that don’t really care about politics, aren’t really tied up in this election and they just need some help.”

During the pandemic, Walmart has hired more than half a million workers to try to keep up with Americans’ demand for groceries and essentials.

McMillion said, “the retailer has seen American families face very different financial circumstances.”

Even former Dunkin Donut’s CEO is urging for a stimulus by saying, “I wish I could speak to Nancy Pelosi myself. It’s going to be essential as there is going to be a lot of pain as a result.”

If one of the largest retail CEOs is pushing for a new stimulus deal, you know we are due for one.

Up next, two House Democratic lawmakers are hoping to help retirees with a bill to increase next year’s Social Security cost-of-living adjustment.

Rep. Peter DeFazio and Rep. John Larson, introduced a bill yesterday that would boost the cost of living adjustment or COLA for next year to 3% from 1.3%.

This increase would help pay for extra expenses seniors face such as having food delivered and utility bills.

According to CNBC, “The proposed one-year boost comes as research shows the cost of living adjustments have generally not been keeping up with the rising costs of older Americans.”
As we discuss every day millions are awaiting for more financial help, but DeFazio said, “We hope it will become part of the negotiations that are ongoing.”

The two Democratic Reps are urging for additional stimulus checks to help seniors cover the costs of everything and urge that the 3% be apart of that conservation.

And finally, Mitch McConnel continues to dismantle hopes for a higher stimulus even as Trump encourages a bigger stimulus package between negotiations between Pelosi and Mnuchin.
On Thursday, Mitch McConnel told reporters that he simply wouldn’t back a $1.8 trillion deal, much less something larger.

McConnell is advocating for a skinny bill of $500 billion that will be proposed to the Senate next week.

Stamping hopes from Americans that no stimulus package will get done.

However, “Drew Hammil, Pelosi’s deputy chief of staff, said Pelosi praised McConnell’s potential opposition to an agreement with Mnuchin who he said offered reassurance the president would get involved if this were the case.”

Meaning that the President would “weigh in with Leader McConnell should an agreement be reached.”

As we have seen, Trump has switched his approach with wanting more stimulus with even tweeting “Go Big or Go Home.”

That was your stimulus check, your second stimulus check, your executive action and stimulus package update for Saturday, October 17th, 2020

Sources:

https://finance.yahoo.com/video/former-dunkin-donuts-ceo-franchises-145801757.html
https://www.cnbc.com/2020/10/15/walmart-ceo-doug-mcmillon-to-congress-get-a-stimulus-deal-done.html
https://www.newsweek.com/donald-trump-mitch-mcconnell-divided-stimulus-clash-1539647
https://thehill.com/homenews/house/521299-pelosi-mnuchin-says-trump-will-lobby-mcconnell-on-big-covid-deal
https://www.cnbc.com/2020/10/16/3percent-social-security-hike-1200-stimulus-checks-how-to-get-money-to-seniors.html

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Видео Stimulus Update 10-17-20: CEOs Fight for Stimulus Check & Package (McConnell and Trump Disagreement) канала Andrew Cartwright