news

bitcoin

1 X bitcoin bitcoin =

Thursday

21 January 2021

New Stimulus Proposals Gain Support While Lawmakers Push for Second Stimulus Checks to Help Americans | News Bitcoin News

New Stimulus Proposals Gain Support While Lawmakers Push for Second Stimulus Checks to Help Americans | News Bitcoin News


smart summary beta

Two new stimulus packages have been proposed while lawmakers continue to push for second stimulus checks to help Americans cope with the coronavirus-led economic crisis.

lawmakers unveiled new stimulus proposals last week after months of negotiations with no progress on either a new coronavirus relief stimulus package or second stimulus checks for Americans.

While top Democrats have embraced this $908 billion stimulus plan as the starting point for negotiations, McConnell indicated last week that he would not support this package, pushing for his own smaller proposal.

Meanwhile, McConnell has proposed another stimulus package of his own that is being negotiated behind closed doors and likely resembles the two $500 billion stimulus bills he previously proposed.

Pelosi has come under fire for turning down a larger stimulus deal with direct payments to Americans only to back a smaller package with no second stimulus checks.

Prior to the election, the White House offered her a $1.8 trillion stimulus package that contained second stimulus checks, which she turned down, refusing to compromise her $2.2 trillion Heroes Act.

Democratic Representative Ro Khanna told CNN on Friday that they should have taken the $1.8 trillion stimulus deal.

The house speaker attributed her decision to support the $908 billion stimulus package without second stimulus checks to Biden’s election and the looming arrival of two vaccines, which she called “a total game-changer.” Pelosi said: “President-elect Biden has said this package would be at best just a start.

The omission of second stimulus checks for individuals has caused quite a stir, with a number of lawmakers vowing that they will not support a bill without direct payments to Americans.

Goto Full Article

bitcoin bitcoin price

$33102.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.3)

Article Metadata

author

site

bitcoin.com
Market data feeds provided by cryptocompare.com
bitsmart 2021