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Stimulus bill negotiations collapse

by Kyle Ziemnick
Posted 8/07/20, 06:12 pm

WASHINGTON—The White House and congressional Democrats failed on Friday to reach a deal to send extra benefits to unemployed Americans. House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., said they offered to reduce their demands to a cost of $2.5 trillion, but White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin would not accept the extra spending.

Will there be a new relief package soon? Most congressional lawmakers have headed home for the summer recess, and neither party seems optimistic a new deal will materialize anytime soon. President Donald Trump said Friday he would likely issue executive orders to try to alleviate home evictions, student loan debt, and unemployment. He may also order the deferment of Social Security payroll taxes if he can’t reach a broad agreement with Congress.

Dig deeper: Read Charissa Koh’s report in Compassion on the effect of evictions on low-income workers.

Editor’s note: WORLD has updated this report since its initial posting.


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Kyle Ziemnick

Kyle is a WORLD Digital news reporter. He is a World Journalism Institute and Patrick Henry College graduate. Kyle resides in Purcellville, Va. Follow him on Twitter @kylezim25.

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  • OldMike
    Posted: Fri, 08/07/2020 08:56 pm

    The Dems (with the enthusiastic assistance of the "mainstream" media)  are doing their best to portray themselves as Santa Claus, and to make us all think President Trump is the mean ole Grinch. 
     

    Unfortunately, economics does not seem to be most Americans' strong suit. (Possibly not Congresspersons' strong suits either!). A day will come when all of those goodies will have to be paid for. We're probably going to stick our grandkids with a lot of the bills and finance charges for today's indulgence. 

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