News

US: Stimulus Impasse Likely To Drag Into September

The ongoing impasse over the next COVID-19 relief is likely to drag into September, as lawmakers have mostly fled to their home states, the next jobs report is weeks away, and the spotlight has shifted to the upcoming GOP and Democratic conventions, according to The Hill.

As it stands, Democrats have offered to drop $1 trillion off their $3.5 trillion proposed package if Republicans will add roughly the same to their $1.1 trillion plan. The White House, however, is insisting on keeping the final price tag closer to $1 trillion according to Secretary Treasury Steven Mnuchin in a recent interview with Fox Business.

Democrats have no interest in negotiating,” said Mnuchin. “If the Democrats are willing to be reasonable, there’s a compromise. If the Democrats are focused on politics and don’t want to do anything that’s going to succeed for the president, there won’t be a deal.”

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s