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Politics Bipartisan group of Senators prepares $908 billion stimulus plan, aiming to break partisan logjam

15:50  01 december  2020
15:50  01 december  2020 Source:   washingtonpost.com

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A bipartisan group of House members on Tuesday formally unveiled a sweeping proposal to inject up to trillion in aid to the economy amid the coronavirus pandemic, a move aimed at jump-starting talks that have devolved into bitter acrimony and finger-pointing between the White House and Democratic

A bipartisan group of House members is introducing a stimulus proposal that aims to break a month-long stalemate in negotiations and distribute .5 trillion The middle ground proposal from the group dubbed the “Problem Solvers Caucus” includes provisions like a second round of stimulus checks, an

A bipartisan group of senators is expected to unveil an approximately $908 billion stimulus proposal on Tuesday, aiming to break a months-long partisan impasse over providing emergency federal relief to the American economy, according to four people aware of internal negotiations.

Chris Coons looking at the camera: FILE - In this Oct. 15, 2020 file photo Sen. Chris Coons, D-Del., speaks during the confirmation hearing for Supreme Court nominee Amy Coney Barrett, before the Senate Judiciary Committee, on Capitol Hill in Washington. Coons faces political newcomer Lauren Witzke in Delaware's U.S. Senate race. (Samuel Corum/Pool via AP, File) © Samuel Corum/AP FILE - In this Oct. 15, 2020 file photo Sen. Chris Coons, D-Del., speaks during the confirmation hearing for Supreme Court nominee Amy Coney Barrett, before the Senate Judiciary Committee, on Capitol Hill in Washington. Coons faces political newcomer Lauren Witzke in Delaware's U.S. Senate race. (Samuel Corum/Pool via AP, File)

Congress has faced increasing pressure to approve additional economic relief since talks between the White House and House Democrats collapsed first over the summer and then again in the fall ahead of the 2020 presidential election.

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  A bipartisan group of senators wants to pass emergency Covid-19 relief The latest competing Covid-19 relief proposals in Congress, explained.The proposal comes after months of stalemate on stimulus talks, and during a critical time in the Covid-19 crisis. About 14 million Americans receiving unemployment benefits will see those programs expire at the end of the month unless Congress takes action, and cities and states around the country are also facing massive budget shortfalls.

A bipartisan group of senators is trying to jump-start stalled coronavirus stimulus talks during the lame duck, with congressional leaders still at odds over providing more relief as cases and deaths spike ahead of the coming winter. The effort is an uphill battle given the entrenched positions of Majority

WASHINGTON — As Senator Chuck Schumer walked the two miles from his apartment to the Capitol early Sunday morning, getting his steps in since the Senate gym After 48 hours of intense bipartisan negotiations over a huge economic stabilization plan to respond to the pandemic, Republicans were

With negotiations between congressional leaders at an impasse, rank-and-file senators in both parties have for several weeks quietly discussed putting together a bipartisan proposal that could break the logjam. Several centrist and deal-maker types in the Senate, including Sens. Chris Coons (D-Del.), Joe Manchin III (D-W.Va.), Mitt Romney (R-Utah) and Susan Collins (R-Maine), will push their new bipartisan agreement as a template for legislation that could pass Congress as the economy faces increasing strain from a winter surge in coronavirus cases.

The plan set to be released by the bipartisan group seeks to reach a middle ground on numerous contentious economic issues. It would provide $300 per week in federal unemployment benefits — a lower amount than the $600 per week sought by Democrats, while still offering substantial relief to tens of millions of jobless Americans — for four more months. The agreement includes $240 billion in funding for state and local governments, a key Democratic priority opposed by most Republicans, as well as a six-month moratorium on some coronavirus-related lawsuits against firms and other entities — a key Republican priority opposed by most Democrats.

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  Rashida Tlaib Leads Democrat Charge for Stimulus Checks as Wage Disparity Rockets It comes as a bipartisan bill was outlined which did not include another round of these payments, despite there having been bipartisan support for such action.Tlaib previously spoke of further economic impact payments being "critical," in comments made after the latest bipartisan bill proposal—which excludes them—was outlined.

One of these three stimulus proposals could soon put more money in your pocket. The Automatic Boost to Communities (ABC) Act would provide a monthly stimulus check for ,000 for at least 12 months during the payment period, with an additional ,000 monthly payment for the following 12

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Aides close to the effort described details as fluid and subject to change.

The effort still faces enormous hurdles, and most congressional aides are skeptical the push will successfully turn into new legislation. President Trump’s negotiators have remained at odds for months with House Speaker Nancy Pelosi (D-Calif.) over multiple critical aspects of stimulus legislation, while Senate Republicans led by Senate Majority Leader Mitch McConnell (R-Ky.) were broadly uncomfortable with the amount of spending pushed at times by the White House.

But the substantive efforts at a compromise in the Senate reflect a growing agitation from influential members of the Senate against the hard-line stances of their respective leaders, who have struggled to reach another round of coronavirus relief aid even as the economy continues to suffer under the weight of the pandemic.

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Bipartisan bills aim to make it easier for Americans to save for retirement. Breaking Down ESG & Applying It To Small-Cap StocksAn environmentally aware company focuses on things like climate change, renewable energy, and decreasing carbon footprints.

Asked about the GOP senators ' criticism of the unemployment plan during a White House briefing Wednesday, Treasury Lawmakers rushed to put together the stimulus plan , which the Senate hopes to pass by Wednesday night after several false starts during frenzied negotiations in recent days.

Economists have warned of devastating consequences if no stimulus deal is passed, but the White House has largely abandoned its aggressive push for stimulus since Trump lost the Nov. 3 presidential election. It is also unclear if president-elect Joe Biden will push Democrats to accept a smaller package, although some of his economic advisers have been adamant that a stimulus deal must be urgently passed even if it is smaller than what Democrats prefer.

Among those involved in the latest effort include Democratic Sens. Coons, Manchin, Jeanne Shaheen (D-N.H.), Maggie Hassan (D-N.H.) and Mark Warner (D-Va.), as well as Angus King (I-Maine), who caucuses with Democrats. Sen. Richard J. Durbin (D-Ill.), the second-highest ranking Democrat, has also been involved in the discussions, but won’t appear at a news conference later Tuesday unveiling the plan. Among the Republicans involved are Sens. Lisa Murkowski (R-Alaska), Bill Cassidy (R-La.) in addition to Romney and Collins.

“We are months past the point where we should have had a bipartisan agreement to provide another robust round of stimulus to meet the needs of America’s schools and students, those who are facing eviction from housing, the needs that communities have got for the distribution of vaccines,” Coons said in a CNN interview Monday evening.

The bipartisan agreement includes about $300 billion in funding for small businesses through the Paycheck Protection Program, aides said. It also includes $40 billion to assist hard-hit transit agencies and rental assistance funding for those facing eviction, as well as about $50 billion in health care, including to help with vaccine distribution and testing and tracing of the coronavirus. The effort was expected to leave out a second round of $1,200 stimulus checks, as a way to bring down its overall price-tag, though that measure is supported by both Trump and Pelosi.

Fox Business Host Doesn't Think Americans Want Another Stimulus Check .
"We don't want to be dependent on the government," said Fox Business host Charles Payne during a Monday panel interview."We don't want to be dependent on the government," Payne said during Monday's episode of the Fox News program Fox & Friends. "We don't want to hope that [Democratic House Speaker] Nancy Pelosi comes around and sends out another check. We don't want that as human beings, and particularly as Americans.

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