That would likely increase opposition from some Republicans who already see the size of the package as too big. Increasing the size of payments by another $1,400 would add more than $370 billion to the bill, according to projections. That was despite his own Treasury Secretary Steve Mnuchin negotiating the $600 compromise and despite his administration submitting a budget earlier this year that asked Congress to approve similar levels of foreign aid included in the package adopted Monday. (Video) Fate of Iran nuclear deal in limbo in Vienna talks. Euro zone bond yields fall after BoE recession warning.
Retreating tech shares were among the drags on MSCI Inc.’s Source: Moneyweb - Neutral. More: Trump leaves Congress with holiday cliffhanger on COVID-19 stimulus bill as lawmakers scramble Euro zone investor morale edges up, recession still likely - Sentix. On Tuesday, Trump tweeted a video of his remarks calling the measure “a disgrace” partly because he felt the direct payments were too small and partly because he opposed foreign aid in the bill. On Monday, Congress overwhelmingly passed a bipartisan $2.4 trillion bill that includes broad stimulus relief to help Americans battered by the pandemic’s economic fallout ($900 billion) and the funding of the federal government through September ($1.4 trillion). It’s doubtful either measure would have passed anyway because it would have taken only a single member to scuttle either proposal under unanimous consent rules. This content is not available due to your privacy preferences. Unfolding his body from his eye-watering position.
Democrats in turn blocked McCarthy’s plan to bring that proposal to the floor. Six-year-old Aniket Chindak holds the unofficial world record for limbo-skating and speeds along no more than eight-inches above the ground. He responded by issuing a counter-proposal to “revisit” the amount of foreign aid – which Trump has criticized as too high – in the same spending bill that included the direct payments. That needed House Minority Kevin McCarthy’s consent, but he declined to grant it. More: Donald Trump demands bigger stimulus checks in COVID-19 relief bill
House Democrats had hoped to win approval for the measure on Christmas Eve through a procedure known as “unanimous consent.” Roy Blunt, R-Mo., responded: "I would not." "As we saw today, the Republican Congress and the White House can't agree on what they want," House Majority Leader Steny Hoyer, D-Md., told reporters Friday morning after the effort failed on the House floor.Įven if the House is able to increase the payment, it faces slim prospects in the Senate, where it would need 60 votes to be included.Īsked Thursday if he thought legislation increasing the payments would get the support of at least 60 senators, Sen. That delay also imperils the fate of the $900 billion COVID-19 stimulus package – as well as the $1.4 trillion spending bill attached to the relief measure that would keep the government open past Monday – which Trump has signaled he might veto if the payments aren't increased. Stimulus payments will not be taxed - and you may be eligible to collect additional stimulus money.
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