Sunday, February 28

Legislators restart efforts to reach an economic stimulus agreement

MONEY. Reference photo of various dollar bills

After the tide unleashed by the presidential elections on November 3 in the United States, a large part of the attention of the country’s inhabitants shifts to the second economic stimulus agreement due to the crisis caused by the COVID-19 pandemic; however, the light at the end of the tunnel is still far away.

In Congress there is again activity focused on having white smoke between the parties, with the challenge of reaching a midpoint this December.

According to the POLITICO portal, a bipartisan group reached a commitment of $ 908 billion, which translates into an important step towards reaching the goal. While this was happening, the Speaker of the Lower House, Democrat Nancy Pelosi, resumed talks with Steven Mnuchin, Secretary of the Treasury.

Mitch McConnell, leader of the Republican majority in the Senate, assured the group that he would try to make a couple of changes to his proposal, pending approval by President Donald Trump.

According to Senator Joe Manchin, the lack of agreements between the parties could gradually reduce as the days go by and the symptoms of an economy affected by the pandemic continue to be noted.

POLITICO quoted the legislator, who stated that “we have had no guarantees about that (the package offered) for a vote. But I think the American people will put pressure ”on the leaders of Congress.

From the White House, President Trump has not participated in the negotiations since the projections of national media and news agencies gave Democrat Joe Biden as the winner of the elections, who has communicated several times with Pelosi to discuss the issue.

The bipartisan proposal is between the $ 500 billion announced from the Republican side and the $ 2 trillion to which the Democratic group aspires.

The source added that said proposal is segmented into $ 160 billion in state and local aid; An additional $ 180 billion for unemployment benefit; $ 288 billion that would go to small businesses; $ 82 billion for schools and $ 45 billion for the transportation sector.

On the rush to reach an agreement, Republican Senator Mitt Rommey stated that “I do not like to borrow money, I do not like to spend money that we do not have. But the time to borrow money, perhaps the only time to borrow money, it’s when there’s a crisis. “

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