What’s The Holdup?

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3 years ago

There were high hopes for a quick resolution to the next stimulus bill when the Senate returned to session from their summer break. By all accounts, leadership in both the Republican-led Senate and Democrat-led House were ready to strike a deal to bring much-needed relief to Americans. 

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Both sides openly supported another round of stimulus checks, extended unemployment benefits, small business relief, and other measures to support the economy. However, they disagreed about the levels of support needed for each of these measures, and they disagreed on other topics, such as providing extensive financial aid to state and local governments. 

President Trump took matters into his own hands last weekend and signed three presidential memorandums and an executive order that would provide a $400 unemployment insurance benefit, a payroll tax holiday, student loan relief, and an eviction moratorium. It is yet to be known exactly how these Presidential memorandums and the executive order will be implemented or how they will impact the negotiations on the next stimulus bill.

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