The White House announced a $916 billion stimulus plan on Tuesday to finally break the months-long deadlock over new aid to the corona virus hitting the US economy, after President Donald Trump resigned in January .
Treasury Secretary Steven Mnuchin announced the plan, which he said includes “money for state and local governments and strong liability protection for businesses, schools and universities”.
These factors are the key crux of the negotiations between Democratic and Republican lawmakers. The former Trump’s power was set as the president-elect Biden and the new Congress took office, and the struggle with the worst outbreak of Covid-19 in the world caused the worst economic recession in a century. week. Mnuchin said in a statement: “I look forward to reaching a bipartisan agreement so that we can provide this vital economic relief to American workers, families, and businesses.”
This new proposal is better than the bipartisan senators last week. The announced $908 billion compromise is slightly larger. Mnuchin said he introduced the plan to Democratic House Speaker Nancy Pelosi and reviewed it with Trump and Republican Senate Majority Leader Mitch McConnell. Pelosi and Senate Minority Leader Chuck Schumer said in a joint statement that bipartisan negotiations are the best hope for a bipartisan solution.
The officials continued, but “The President’s proposal first cuts the unemployment insurance proposal discussed by the bipartisan Senate and Senate from $180 billion to $40 billion.” “This is unacceptable.”
The Democratic Party’s rejection once again gave Biden January The new stimulus package before taking office on the 20th brings uncertainty. With federal and state aid to millions of Americans expiring on December 26, time is running out. Negotiations with the Trump administration have been going on for several months, but they have failed to reach a consensus on the follow-up bill to the US$2.2 trillion CARES bill passed earlier this year.
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