Hope that a were dashed on Friday as two senators attempted to bring the a standalone bill (PDF) to a vote and were rebuffed. But a for $600 per person, $300 in and other funding is still in the works.could contain a for $1,200, or that a separate bill would authorize the money
On Friday, the House of Representatives and Senate passed a short-term funding bill that avoids a government shutdown until Sunday. That could buy lawmakers enough time to complete a stimulus package that’s also tied to funding the government. This coronavirus/funding omnibus bill could come to a vote as early as 1 p.m. ET on Saturday, House Majority Leader Steny Hoyer said, citing that the bill needs at least 18 hours more work.
With the the $1,200 stimulus check proposal clipped, focus remains on aper adult, with .
The change to the definition of a dependent, if it comes to pass, would potentially include up to 15 million additional people who would count toward an extra $600 apiece per household, according to the Center on Budget and Policy Priorities. However, a $600 cap for adults would of a for tens of millions of families.
Although many favor a $1,200 direct payment in theory, ais seen as one way to keep costs below the $1 trillion cutoff that Republican lawmakers have in the past said they’d support.
Stimulus checks aren’t cheap. The IRS said this summer that it had spent $270 billion sending out 160 million checks, and on Monday, Sen. Mitt Romney, a Republican who has been involved in crafting the bipartisan stimulus proposal, forecast a cost of $300 billion if the checks were once again included for $1,200 per person. Republicans reportedly bridled at the cost.
When could a stimulus bill or package pass?
|House votes||Senate votes||President signs|
|Dec. 20||Dec. 21||Dec. 22|
|Dec. 21||Dec. 22||Dec. 23|
|Dec. 22||Dec. 23||Dec. 23 (Trump signs same day)|
A coronavirus aid proposal before Jan. 1 is considered emergency legislation to institute a safety netthat could leave tens of million of and . A broader package, like the $2.2 trillion , is more likely to return to the table in early 2021, top US leaders have implied. It’s too soon to tell if that sweeping package would .
Though the clock is ticking, US leaders appear committed to passing a stimulus deal.
“Guess what, if we don’t do anything, a lot of people don’t have a home to go to this holiday season,” Manchin said Wednesday from the Senate floor. “Failure is not an option.”
“We’re not leaving here without a COVID package. It’s not gonna happen. We’re gonna stay here until we get a COVID package,” Senate Majority Leader Mitch McConnell said Tuesday. “No matter how long it takes, we’ll be here.”
Here’s what we know about where negotiations stand right now and what could happen before the end of the year.
How did this new $900 billion stimulus package emerge?
The $900 billion stimulus proposal is the latest variation of a $908 billion proposal from Dec. 1 that by Monday was split into two parts. The first is a core bill worth $748 billion, which contains the unemployment funding and other measures. The second is a $160 billion bill that carves off the two most contentious issues that could capsize an agreement: money for state, local and tribal funding on one hand; and a liability shield to protect businesses from coronavirus-related lawsuits on the other.
Neither lobe of the two-part stimulus deal contained a, but with the thorniest issues sloughed off, the key Democratic and Republican negotiators are seizing the monetary wiggle room to fund the popular stimulus check at a reduced rate.
Why is a second stimulus check important for the bill?
A second stimulus check has had wide bipartisan support ever since the CARES Act passed. Over the last several months everyone from President Donald Trump and economists and everyday people have advocated for another direct payment.to members of Congress,
Last week, Trump called for “more money than they’re talking about” in stimulus checks. White House press secretary Kayleigh McEnany did not say whether Trump would refuse to sign a stimulus package that didn’t include a second check, but said Tuesday that Trump “would really like to see those stimulus checks in there.”
A variety of factors could have contributed to a second stimulus check making its way into the final bill, from popular opinion and presidential preference to that complicated bipartisan rejiggering mentioned above that, enough for a smaller stimulus check than before.
What happens next with the stimulus package?
First, the stimulus bill would need to pass the House and Senate. If both chambers are working together on a deal now, there’s a good chance that would happen. Next, Trump would need to sign the rescue bill into law. After that, aid would likely begin to go out within weeks, with certain groups possibly receiving financial help before the end of 2020.
If a bill does pass that includes a direct payment, here’s.
Will there be yet another stimulus package in 2021?
Biden, McConnell and others have repeatedly described this December legislation as emergency relief instead of a sweeping economic stimulus package, and have committed to another stimulus bill in 2021.
“It’s a down payment,” Biden said Dec. 16. “An important down payment on what’s going to have to be done at the end of January and into February. But it’s very important to get done.”
Here’s everything we know right now about the.
For more information about stimulus checks, here’s, , and what to know about the stimulus bill proposals that could help inform a final package.