Trump administration's $1.8 trillion stimulus plan: direct payments, unemployment benefits - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The Trump administration makes a $1.8 trillion stimulus offer to Democrats, which includes $400 federal unemployment benefits and $1,200 direct payments

, citing two people familiar with the plan. To keep the price tag down, the plan repurposed nearly $400 billion in unspent relief funds from the spring.$1,200 direct payments to adults plus $1,000 for each dependent childThe latest offer caps a volatile week in stimulus negotiations. Talks between Mnuchin and Pelosi veered in recent days from considering aBut Trump's demands for a larger package collide with the economic disposition of many Republicans.

"I've got a significant percentage of my members who think we've done enough and who are alarmed by the amount of national debt," Senate Majority Leader Mitch McConnell said at a campaign event in Kentucky on Thursday. He was cool onbefore the election on Friday, given the ongoing Supreme Court nomination process of Judge Amy Coney Barrett.

"He got a terrible backlash from it, including in the stock market, which is what he cares about," she said. "And so then he started to come back little by little, and now a bigger package." The US still hasn't recovered half the jobs it lost in March and April. Lawmakers authorized nearly $3 trillion in federal spending as the pandemic crashed into the economy, causing a colossal amount of job losses and small business failures.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bitcoin baby! She's moving up! I hope Americans are investing!!

Don-the-con needs votes, who cares if it's enough help..?

& the rest will go to the Trump/Fly rrr Pence campaign

This is for VOTE ONLY, 'IF' (he won't) he should win you can bet he will put a STOP on all Stimulus packages

As long as he’s in a good mood, Democrats should ask do what they really want...

where do i sign?

I thought there was no stimulus, like yesterday. Then there was this morning, then the wasn't again, now there is?

It's a trap and, moreover, congress needs to find out what happend to the 400 billion from the previous stimulus.

This isnt good enough? I’m sick of the Democrats.....if we the people are suffering so should the people we employ...namely the House & Senate. Enough is Enough. TermLimits

As long as it doesn’t contain unrelated inclusions (needs to be stand-alone, as trump suggested in an earlier tweet) I don’t see why they’d deny this. The problem is the partisan bill inclusions that hold things up

SpeakerPelosi

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the heated debate over TikTok rival Triller's user count - 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »

An inside look at the app that's like Duolingo for disaster prep - 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »