ELECTION Day may be over, however, Congress is still on a break meaning the hopes for a new round of stimulus checks could be delayed until after the New Year.
Regardless of the election outcomes, another potential stimulus package will not be passed until January after Senate Majority Leader Mitch McConnell adjourned the Senate on Oct. 27 until Nov. 9.
As House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin continue to discuss a possible agreement on a new relief bill, McConnell’s decision to adjourn the Senate eliminated any chances of a bill being passed after the election.
Here are the latest updates and when Americans can expect the next stimulus package.
What's taking so long?
The CARES Act was passed in March and it provided financial assistance to millions of Americans who were left unemployed due to the coronavirus pandemic.
The act included benefits such as a $1,200 stimulus check and a $600 weekly unemployment bonus.
After the unemployment bonus reached its end in July, President Donald Trump signed four executive actions extending the program to some degree.
However, all the most significant stimulus programs are expected to expire on Dec. 31, 2020.
Both sides are negotiating a $2trillion package that includes $1,200 stimulus checks, unemployment benefits, small business aid, state and local funding.
The major issues that come in the way of an agreement are education funding, money allocated toward state and local government, coronavirus testing and unemployment benefits.
President Donald Trump has said Pelosi is "only interested in bailing out badly run, crime-ridden Democrat cities and state" and said the speaker is “not interested in helping the people."
When came Americans expect to see the next relief bill?
Initially Pelosi said she wanted to reach an agreement on another relief bill before the election, however, that plan hit rock-bottom when McConnell adjourned the Senate on Oct 27.
Last week, the House Speaker indicated that she’s hopeful of getting a deal with the White House after the election and before the New Year.
However, McConnell also said last week that any aid talks would wait until “right at the beginning” of 2021.
President Trump on the other hand told reporters last week that he’ll pass a “tremendous stimulus package immediately after the election,” contradicting what McConnell said.
If talks on a new stimulus package resumes after the election and an agreement is reached, Americans can start to see benefits in December.
If no agreement is reach soon a relief bill would have to hold for the new Congress and new administration in January.
This could mean no second stimulus checks before February.
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