Trump says he is ready to send out $ 1,200 incentive checks, blames Democrats again for delay


TOPLINE

President Trump has again accused Democrats of holding the next round of federal coronavirus relief, suggesting he is ready to sign up for major aid while top Democrats are in their heels. That’s not the whole story.

KEY FACTS

Trump tweeted that he directed Treasury Secretary Steven Mnuchin to advise her to send more incentive checks.

He also said he is ready to send the Association for Small Business and Treasury Department to send more funding to small businesses, and that he is ready to send more help to state and local governments.

Top Democrats have been meeting with the Trump administration for nearly two weeks to hash the next bill, but a self-imposed deadline passed last Friday without an agreement.

The main point of contention between the two sides – the GOP was so entrenched in internal agreements that Senate Majority Leader Mitch McConnell (R-Ky.) Did not even attend the meetings – was the price tag of the bill.

In May, Democrats passed a sweeping $ 3.4 trillion package, but the White House wants a straightforward $ 1 trillion bill; Democrats have said they are willing to shake off $ 1 trillion from their demand if the administration raises $ 1 trillion (an offer Mnuchin dismissed as a “non-starter”).

In a joint statement with House Speaker Nancy Pelosi (D-Calif.) on Wednesday accused First Chamber minority leader Chuck Schumer (DN.Y.) of not willingly adapting the White House’s position to the size and scope of the bill. , while Democrats have “repeatedly” compromised.

What to see

The Republican-led Senate – which must approve all of Trump’s provisions if it is to require more federal spending – left the city on Thursday for its recession in August and will not return until Labor Day. However, if a deal is reached sooner, the Senate could be recalled for a vote.

Key background

This is not the first time Trump has excommunicated Democrats for holding aid this week. On Thursday, he said the stalemate negotiations were the result of Democrats’ incest on funds for voting via mail, which he claims (without proof) would lead to widespread voter fraud. “It’s their fault,” he said Thursday on Fox Business after being asked why Democrats and the White House were still “miles apart” over any incentive action. “They want $ 3.5 billion for something that will prove to be fraudulent, which is basically election money.”

Continue reading

Don’t expect a stimulating deal until at least September (Forbes)

Stimulus checks are held because Democrats want universal post-vote, Trump says – But that’s not the whole story (Forbes)

Mnuchin says White House wants to ‘put more money on the table’ for next incentive bill (Forbes)

Here’s why that $ 400 unemployment check from Trump’s executive order cannot happen (Forbes)