Stimulus Update

Stimulus Update

I found this article in Forbes Magazine:

Trump Says He’s Ready To Send Out $1,200 Stimulus Checks, Again Blames Democrats For The Delay
Sarah Hansen
Sarah HansenForbes Staff
Markets
I cover breaking news.
Updated Aug 14, 2020, 04:47pm EDT

TOPLINE President Trump on Friday again blamed Democrats for holding up the next round of federal coronavirus relief, suggesting that he’s ready to sign off on crucial aid provisions while top Democrats have dug in their heels. That’s not exactly the whole story.
President Trump Holds News Conference At White House
Donald Trump speaks during a briefing at the White House, August 13, 2020. GETTY IMAGES
KEY FACTS
Trump tweeted that he has directed Treasury Secretary Steven Mnuchin to prepare to send more stimulus checks.

He also said that he’s ready to direct the Small Business Association and Treasury Department to send more funding to small businesses, and that he’s ready to send more aid to state and local governments.

Top Democrats met with the Trump Administration daily for nearly two weeks to hash out the next bill, but a self-imposed deadline passed last Friday without an agreement.

The main point of contention between the two sides—the GOP was so mired in internal disagreements that Senate Majority Leader Mitch McConnell (R-Ky.) didn’t even attend the meetings—was the bill’s price tag.

In May, Democrats passed a sweeping $3.4 trillion package, but the White House wants a targeted $1 trillion bill; Democrats have said they’re willing to shave $1 trillion off their ask if the Administration will come up $1 trillion (an offer Mnuchin dismissed as a “non-starter”).

In a joint statement with House Speaker Nancy Pelosi (D-Calif.) on Wednesday, Senate Minority Leader Chuck Schumer (D-N.Y.) accused the White House of being unwilling to adjust its position on the size and scope of the bill, while Democrats have “repeatedly” compromised.