Trump reportedly willing to sign second stimulus agreement at $1.3 billion

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Trump reportedly willing to sign 2nd stimulus agreement at $1.three billion

(Image credit: Nicholas Kamm via Getty Images)

Lawmakers and Trump administration officials accept been inching closer to an agreement on total spending for a second stimulus package, just there'south nonetheless a well-nigh $1 trillion gap to fill up before a nib can motility forward.

White House Master of Staff Mark Meadows has said President Trump is "willing to sign something at $1.three trillion," Forbes reports. However, House Speaker Nancy Pelosi (D-CA), who is representing Democrats, is standing firm with a $2.2 trillion proposal.

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• Use this stimulus check ii calculator to determine your payment
• Only in: Stimulus cheque ii in trouble as 'skinny' relief nib inches closer

In addition to the overall cost of the bill, the ii sides accept been unable to accomplish a consensus on whether and how to go on federal unemployment insurance supplements. The CARES Act's $600-per-week payment on top of state benefits expired at the terminate of July, and a scattering of states are only now starting to pay out a (temporary) small weekly stipend provided under Trump'south recent executive order.

Democrats want to continue the $600 weekly payment, while a number of other proposals would reduce benefits to $200-$300 per week (the amount provided by the executive order) and phase them out completely over the coming weeks and months.

Meadows and Pelosi talked by telephone at the end of final week, only they remain at an impasse and accept no clear plan to motility forrad with negotiations.

What well-nigh stimulus cheque 2?

Without an agreement on unemployment and overall spending, stimulus cheque 2 remains in limbo. It's even possible that lawmakers and the Trump administration could come up to a consensus that leaves out a 2nd directly payment entirely.

Both the House and the Senate have floated the idea of "skinny" stimulus bills that address federal unemployment benefits and not much else. While existing packages—including the HEROES Act passed by the Business firm and the HEALS Human activity pitched in the Senate—would include a $i,200 payment to those who were eligible nether the CARES Act, the pared-downwardly legislation does not provide stimulus cheque 2.

Lawmakers will return to Washington from their current recess afterwards Labor Day, at which point they could motility ane or more of these proposals frontward.

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Emily Long is a Utah-based freelance writer who covers consumer technology, privacy and personal finance for Tom's Guide. She has been reporting and writing for nearly 10 years, and her piece of work has appeared in Wirecutter, Lifehacker, NBC Amend and CN Traveler, amongst others. When she's not working, you tin can detect her trail running, didactics and practicing yoga, or studying for grad school — all fueled by coffee, plainly.

Source: https://www.tomsguide.com/news/trump-reportedly-willing-to-sign-second-stimulus-agreement-at-dollar13-billion

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