mcconnell
A stimulus deal before the year end looks highly unlikely now. Yesterday, we reported about a bipartisan effort to break the stimulus logjam. The bipartisan group revealed their $900 billion stimulus package late Tuesday. Senate Majority Leader Mitch McConnell, however, was quick to reject the bipartisan coronavirus stimulus package, dimming hopes of a package and checks before the end of the year.Q3 2020 hedge fund letters, conferences and moreTalks restart, but McConnell reiterates push for targeted billOn Tuesday, McConnell reiterated his push for a “targeted relief bill” this year, and rej...
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With negotiations over the next stimulus package at a dead end, most lawmakers, including President Donald Trump and House Speaker Nancy Pelosi, now expect a deal in the lame-duck session. However, Senate Majority Leader Mitch McConnell believes that the next coronavirus stimulus bill (possibly including checks) should be considered in early 2021.Coronavirus stimulus checks: McConnell wants relief in 2021On Friday, speaking on Hugh Hewitt’s radio program, McConnell said there is a need for another stimulus package, something that is more modest “than the $3 trillion dollar Nancy Pelosi package...
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Stimulus talks have been ongoing for almost three months now. In the past three months, some have accused House Speaker Nancy Pelosi of blocking the deal. Now Rep. Rohit Khanna (D-Calif.) claims Senate Majority Leader Mitch McConnell is the one blocking a deal on the coronavirus stimulus package and checks.Was Pelosi blocking coronavirus stimulus checks?In May, House Democrats passed the HEROES Act, which cost over $3 trillion. After the negotiations started in late July, Pelosi reduced her demand to a package of about $2.2 trillion. In the meantime, the White House made a few counter offers, ...
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It is now largely believed that there won’t be any stimulus package before the election. Treasury Secretary Steven Mnuchin and President Donald Trump, however, are still making the push to come up with a better offer for the next coronavirus stimulus package and checks before the election. On Thursday, both Mnuchin and Trump re-assured their support for the next coronavirus stimulus package.Mnuchin wants to resolve differencesMnuchin, on Thursday, assured that the White House won’t let the differences over coronavirus test funding derail the negotiations. Lately, House Speaker Nancy Pelosi has...
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The chances of Congress sending another round of stimulus checks are already slim. Now if reports are to be believed, one senator could derail the next coronavirus stimulus package and checks. Sen. Ted Cruz is reportedly pushing for one new addition to the relief package that many believe could endanger the next round of coronavirus stimulus checks.How can Cruz derail coronavirus stimulus checks?According to CNN, Cruz pushed hard for a “school choice” plan at the Senate Republican Conference. Cruz wants billions of dollars in tax cuts for private schools. This idea, referred to as “school choi...
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