Second Stimulus Package Update
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This is your Second Stimulus Check update, stimulus package update, and stimulus check 2 update and daily show for news today as of Wednesday, October 21st, in the video “Second Stimulus Check Update & News Report Wednesday October 21“, below:
On Tuesday, October 20, 2020, Nancy Pelosi has extended the deadline to pass the stimulus package after 45 minutes of negotiation. Nancy Pelosi felt that both parties are serious about making a deal through compromise. She wrote a letter to her fellow Democrats that “I remain hopeful that we can reach an agreement before the election. It will be safer, bigger, and better and it will be retroactive.” The biggest disagreement between the two parties is in state and local government funding and liability protection. There are also small disagreements on tax credits and national testing strategy to fight against the COVID-19. Nancy Pelosi is compromising by easing on the demand for money for the census. Nancy Pelosi and Secretary of Treasury Steven Mnuchin will continue the stimulus package negotiation today (Wednesday, Oct. 21, 2020). According to White House Chief of Staff, Mark Meadows, the goal is to reach an agreement before the weekend.
Senate leader, Senator Mitch McConnell, told the Republicans not to cut a deal with the Democrats in the next few days because it could disrupt the Senate schedule to confirm Supreme Court nominee Judge Amy Coney Barrett. Therefore, even if there is an agreement on the stimulus package in the next few days, it may delayed a few more days.
The Senate voted on a stand-alone bill on Tuesday, October 20, 2020 for a second round of PPP to help the self-employed and small businesses. Even though five Democrats voted with the Republicans, there were not enough (60 is needed, but the vote outcome was: 57:40) votes to pass the stand-alone bill. This stand-alone bill may be voted on later.
Today, Wednesday, Oct. 21, 2020, Senate is voting on another stimulus bill of $500 billion that would extend the unemployment benefits, money for schools, and funding for healthcare system. Even though Democrats are also in favor of these measures, their leaders want a all-or-nothing stimulus bill rather than in piece meal. Therefore all Republicans are expected to vote “yes” and majority of the Democrats are expected to vote “no” on this bill.
Second Stimulus Check Update Today – When the chief senate republican negotiators Steve Mnuchin and Mark Meadows find themselves back at the table in the white house with chief democrat house of representative negotiators Nancy Pelosi and Chuck Schumer, both sides seem to already agree that a new stimulus package should include a second stimulus check and SSI SSDI as well as social security benefits recipients qualified in the Cares Act. If Congress does pass another stimulus bill, there could be an additional second stimulus check, rental assistance and perhaps student loans extensions. SBA (Small Business Administration) is no longer accepting PPP (Paycheck Protection Program) applications from participating lenders. President Trump said his administration and Congress are currently negotiating the exact amount included in the next round of relief. Retroactive stimulus checks and direct payments are being negotiated in this second stimulus package along with unemployment benefits and extended unemployment insurance benefits such as PUA, PCUA, Pandemic Unemployment Assistance, regular unemployment insurance benefits, PEUC. These statements come just days after Mitch Mcconnell’s political comments to Nancy Pelosi. The American people need more money to pay bills, for stock market investments, to pay their mortgage and rental properties, life insurance premiums and other personal finance wealth building tools to reduce their dependencies on government stimulus money, hazard pay and grants… Financial freedom is truly, the only solution… but also, let’s not forget business owners as they / we are people too and they employee the average American, therefore it is clear that additional funding like SBA loans and PPP loans are essential, in the video “Second Stimulus Check Update & Presidential Executive Order Update!“, below:
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
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