Will Congress Reach An Agreement Today

For many Americans who have not lost jobs or have no businesses, the central feature of the CARES Act – passed in March to offset the economic consequences of the COVID 19 pandemic – was the payment of $1,200 per person that he approved. Due to the slowing economic recovery and the acceleration of the pandemic, both sides are very supportive of a second round of stimulus plans. During a long period of new negotiations between the White House and Democrats in Congress, with sharp differences on a number of issues, the two sides passed a second revision (although conservative Republicans are not on board in Congress), the key question being whether a comprehensive agreement can be reached. If the economy continues to struggle and the pressure is not reduced by a small stimulus without a second check, the chances of a larger package with a second revision in the new Congress could depend on the priority of the Biden administration and the person who will control the Senate after the January 5 by-elections in Georgia. If Democrats control things at both ends of Pennsylvania Avenue, the chances of a second control are high; If they don`t, it could be a fight. One way or another, no one should bring that theoretical money to the bank. The breakthrough centered on a mutual agreement to abandon the critical priorities advocated by one party and hated by the other: a democratic initiative to create a direct flow of funds for creditworthy state and local governments and a Republican demand for businesses, hospitals and other institutions to be opened during the pandemic. WASHINGTON – Congressional leaders said Sunday that they have reached an agreement on a nearly $900 billion COVID-19 aid package, including individual cheques, small business loans and services to the unemployed struggling with the consequences of the COVID 19 pandemic, ending months of deadlock in negotiations. After the November elections, a bipartisan group of moderates negotiated its own $748 billion compromise and urged congressional leaders to redouble their efforts to reach an agreement.

In the end, the two main Democrats and the two main Republicans on Capitol Hill, who were behaving with their aides and sometimes Steven Mnuchin, the Secretary of the Treasury, dragged the final agreement on a chaotic few days the week before Christmas. The agreement also includes $25 billion in direct rental assistance and extends the moratorium on evictions until January 31, when the moratorium on student loans ends.

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