Trump said that the Senate should instead focus on confirming his Supreme Court pick, Amy Coney Barrett.
Meanwhile, Americans who had been following the months-long stimulus negotiation talks, hoping that a resolution would be reached before the election, could only watch as the news impacted the stock market and questions swirled. To bring you up to speed on the latest, we've recapped what it all means for those hoping for another round of direct payments sooner rather than later — and summarized the timeline that led up to this point.In short, the likelihood of a further delay in any further rounds of direct payments just increased.
While the promise of a second check is not dead yet, the road toward a speedy resolution just took a hard left turn. Unless Trump switches toward supporting a deal instead of a pause on negotiation talks, any timeline toward a deal that would result in direct payments has likely been extended even further.
So how did we get here? For those looking to understand how this all fits into the broader events of the last seven months, here are the key developments leading up to the president's statements on Tuesday.the Senate passed the Coronavirus Aid, Relief, and Economic Security Act, which provided funds for PPE for healthcare workers, loans for small businesses, and unemployment benefits. The $1,200 stimulus checks and extra $600/week in benefits were a result of the bill.
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Trump tells his team to end stimulus negotiations until after the election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. You can improve your business by creating a business banner on LinkedIn. And I can help you design this banner. Contact me if you are interested Watch Trump kill the economy Good 👍 Stop Democrats game! Game over NancyPelosi 👌
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