Now that a stimulus deal won’t happen before the election, slightly more voters blame Republicans and the president for the gridlock.
At least 46 states have paid out all the benefits available under the Lost Wages Assistance program, while the remaining will just pay for the weeks up to September 5.
With only a week to the election, there is no chance of a stimulus deal passed before Nov. 3, according to Gary Cohn, former head of the Trump administration's National Economic Council and a former executive at Goldman Sachs.
While Pelosi said Thursday that she and Mnuchin are “just about there” on a stimulus package, it may be too late for a bill to pass before the election
Pelosi again expressed optimism that a bipartisan stimulus bill would pass before the election, even as disagreements on key provisions remain with the White House.
The GOP’s $500 billion coronavirus stimulus package failed to advance in the Senate on Wednesday as the White House and Democrats still negotiate on a larger deal that must finish this week to pass before the election.
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin didn’t reach an agreement on Tuesday. But both have moved closer to an agreement.
White House Chief of Staff Mark Meadows said the White House increased its stimulus offer as the Tuesday deadline to get a deal through before the election looms.
Millions of Americans have been thrown into poverty as government aid dried up in the last five months, according to a pair of studies.
Senate Majority Leader Mitch McConnell (R-KY) officially broke with the White House on stimulus negotiations on Thursday, saying that Republicans lawmakers won’t support a massive stimulus that the White House and Democrats are negotiating.
Treasury Secretary Steven Mnuchin, who has been representing the White House in the stimulus negotiations, sounded a pessimistic note on reaching such agreement before the election.
If the government spent an additional $2 trillion, the economy would return to its projected trajectory before the pandemic by the third quarter of next year.
Mitch McConnell announced he will release a separate stimulus proposal worth $500 billion, significantly lower than the one Democrats and the White House are negotiating.
House Speaker Nancy Pelosi (D-CA), who has been actively negotiating a stimulus package with the White House in the last two weeks, said that the latest offer by the administration falls short but that she still hopes for a deal.
“We do need another rescue package,” McConnell said at an event in Kentucky, “but the proximity election and the differences of opinion about what is needed at this particular juncture are pretty vast.”
President Donald Trump said stimulus negotiations are “starting to work out” on Thursday morning after abruptly calling off the talks less than two days earlier.
The failure to pass a bipartisan coronavirus stimulus deal before the presidential election would likely lead to a slow economic recovery and decreased spending as the savings of millions of Americans deplete.
President Trump called for another round of coronavirus stimulus checks to Americans on Tuesday event and Wednesday morning after calling off stimulus negotiations with Democrats on Tuesday afternoon.
President Donald Trump publicly turned down the Democratic stimulus offer or the updated $2.2 trillion HEROES Act that passed the House last week, sending stocks plunging on Tuesday afternoon.
Incarcerated individuals — who were initially deemed ineligible for coronavirus stimulus checks — will now be able to collect them after a new court ruling.
Federal Reserve Chairman Jerome Powell warned about the risks of limited government support to American households, businesses, and the economic recovery.
As the financial boost from the extra unemployment benefits faded in August, so did Americans’ personal income and savings, according to a new report.
House Speaker Nancy Pelosi, D-Calif., expressed optimism of Democrats and the White House reaching a bipartisan deal as President Donald Trump’s COVID-19 diagnosis jolted the stalled stimulus negotiations
The House passed a $2.2 trillion coronavirus stimulus package on Thursday evening, adding additional pressure on Republicans and the White House to make a deal on new pandemic legislation.