Stalled Stimulus Talks and Presidential Transition

Stimulus

President Trump has walked away from Congressional stimulus talks leaving the negotiations to Senate Majority Leader Mitch McConnell and Speaker of the House Nancy Pelosi. The two sides come to the table with sharply different views, but a great deal at stake if they fail to pass any bill.

The Speaker is still talking about the $3T “Heroes Act” as the base bill, while the Senate Republicans are putting forward their $500B proposal. Without any agreement, millions of unemployed workers will lose unemployment benefits that were extended from 26 to 39 weeks under the CARES Act passed earlier this year. The CARES Act benefits expire on December 31.

Speaker Pelosi walked away from the Trump Administration’s $1.8T offer before the election; but now it seems that size of a deal is unlikely. While there is still a possibility that Congress could fall under Democratic control if Democrats win both special elections in Georgia on January 5, it seems as though there is need for some bill now. Even if there is a Democratic sweep in Georgia, Biden won’t become President until January 20 leaving months of hardship for unemployed Americans.

Election

President Trump’s viewpoint was summed up today in an interview he gave today to the right leaning Washington Ex...
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