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Stimulus Check and Package Update September 25, 2020

Stimulus Check Update

Stimulus Check and Package Update September 25, 2020

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Quick Overview

  • The good news is that Nancy Pelosi is finally taking action on the stimulus package.
  • Pelosi is creating a scaled back stimulus package that will contain a second stimulus check, extended unemployment benefits, a second round of PPP money, and rental assistance. The game plan is to have this negotiated and voted on next week. This information was confirmed by Treasury Secretary Steven Mnuchin, who is on the White House Negotiating Team.
  • Mnuchin said yesterday that he and Nancy Pelosi have agreed to revive the stimulus package negotiations.
  • Nancy Pelosi is dropping her threat of impeaching President Trump.
  • Pelosi’s exact quote was “I don’t think he’s worth the trouble at this point”.
  • The government funding bill was voted on and passed in the House of Representatives on Tuesday. It is expected to pass in the Senate next week. Failure to do so, by end of day Wednesday, would result in a government shut-down.
  • The elections are only 39 days away. Most recent polls have Biden in the lead, nationwide, by 5%.
  • We are running our anonymous poll and it will give you more details than any other poll because we ask who you plan on voting for if you are a Republican, a Democrat, or Independent.
  • Cases of Covid-19 are rising in the United States.Canada and Europe are experiencing their second wave.

Second Stimulus Check and Stimulus Package

Regarding the second stimulus check and the stimulus package, the key players are Treasury Secretary Steven Mnuchin and Nancy Pelosi. Treasury Secretary Steven Mnuchin said yesterday that he and Pelosi have agreed to revive the stimulus package negotiations. Mnuchin said

“let’s pass things that we agree on quickly, and we can always come back and do more.”

If you remember, on Tuesday, Mnuchin was testifying before Congress and the panel urged Mnuchin to keep pushing for stimulus checks and to pass the stimulus package. Nancy Pelosi is feeling the pressure from her own party to pass the stimulus package, which is forcing her to take action.

Pelosi has been insisting that the Republicans need to compromise. This has been problematic for the Democrats that are up for re-election that have frustrated voters in their home districts. Last month, 114 Democrats, just in the House of Representatives, signed a letter, to Nancy Pelosi, urging her to pass the extension of federal unemployment benefits in the Emergency Post Office Bill. Three weeks ago, there was the signed letter with 50 Congressmen, which included Democrats, pushing her to pass the stimulus package. This week, 34 Congressmen, which included Democrats, demanded that Nancy Pelosi uphold her promise and keep the House in session until the stimulus package passes.

The Problem Solver’s Caucus, which is a group of Democrats and Republicans, is urging Nancy Pelosi to accept the $1.5 trillion dollar deal, which includes a second stimulus check, extended unemployment benefits, and a second round of PPP money. Due to mounting pressure, from within her own party, Pelosi is making her committee draft a scaled back stimulus package. Originally, Pelosi started off at $3.4 trillion dollars and then compromised down to $2.2 trillion dollars. In this scaled back version, she’s expected to use $2.4 trillion as her starting point.

This revised stimulus package is expected to include a second stimulus check, unemployment benefits, more PPP money, rental assistance, a bailout for airlines, money for restaurants, state and local government funding, election security, more money for the Post Office, and other items. It is yet unknown whether there will be anything for essential workers.

The person in charge of writing this revised stimulus package is Democratic Congressman Richard Neal of Massachusetts. Neal said the package will be in the $2.2 trillion dollar range and they want to get this voted on by October 2nd.

Pelosi said

“I’m talking with my caucus, my leadership, and we’ll see what we’re going to do. But we’re ready for a negotiation.”

Congressman Hoyer, another top Democrat in the House, said

“People are really hurting. We want to get a deal or an agreement because we want a bill passed and signed. We want to get something signed so people get money”.

Government Funding Bill

The Government Funding Bill passed in the House of Representatives three days ago. It now needs to pass in the Senate, by end of day Wednesday, in order to avoid a government shut-down. The Senate is expected to vote on this by Tuesday night or Wednesday. Resistance is not expected in the Senate or by President Trump.

Presidential Election

Believe it or not, the Presidential Elections are only 39 days away. The polls are saying Biden is in the lead, ranging from 4% to 9%. However, if you look at the fine print, the details typically say that the survey was conducted with a small group of people ranging from 800 people to 2,000. I’d like to ask for your help and please cast your vote on our poll so that we can get a more accurate read on the true sentiment.

Covid-19 News

  • The United States reported 44,110 new cases and 914 fatalities yesterday, this is according to the Johns Hopkins University.
  • The United States is still in the first wave.
  • Canada and Europe are experiencing their second wave.
  • Cases are now surging worldwide, especially in Poland, Czech Republic, Russia, the UK, France, Israel, Canada, and Spain.

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