What is still unknown is how Republican leaders will react when and when the time comes to put the coronavirus rescue bill to a vote. “They didn`t take the virus seriously at first, they don`t take seriously the consequences of the virus at this point,” she said. “That`s why it`s hard to work it out.” A smaller bill could be passed now, and a bigger one could happen later: a subset of programs could be funded before Biden becomes president, such as unemployment aid or an extension of the deportation ban, with the new Congress returning to other programs after his inauguration, such as a second stimulus check. As current president, Trump is expected to sign any legislation passed by January 20 so it can take effect. The last session of the Senate and House of Representatives mandate comes at a time when, according to the COVID Tracking Project, the new United States has an average of seven days of more than 176,000 daily cases of coronavirus and California, the most populous state in the country, is about to fill the beds as hospitalizations increase. Current projections predict that the United States could see a total of 294,000 to 321,000 deaths of COVID-19, reported as of December 19, the Centers for Disease Control and Prevention announced on November 25. While Democrats rejected the idea that Trump could spend money without congressional approval, the Trump administration has asked federal authorities to identify any money they have not yet spent on the Cares Act. White House officials are trying to determine whether the money could be embezzled and used for other purposes, such as temporary unemployment benefits. Can Congress meet to pass a compromise in the last gap by the end of 2020? Would President Trump sign? Today`s updates. As several aid programs expired at the end of July, the number of cases of COVID-19 has soared nationally, reaching the highest number of new cases reported since the beginning of the pandemic. The expiration of programs and the inability of Congress to pass new laws left the nearly 900,000 unemployed last week without a weekly increase of $600 in unemployment benefits. Businesses continue to struggle and state and municipal governments have seen their budgets defuse and workers find themselves in a situation. “Here you see the wounds smoldering and worrying about their depth and how much they will frighten us,” says Diane Swonk, chief economist at the audit firm Grant Thornton.
After Trump`s tweet, Pelosi and Schumer said in a statement that they were “encouraged” by Trump, who was encouraging Republicans to raise the price of the law, and looked forward to continuing negotiations. Despite the imbroglio of three new stimulus packages aimed at providing some economic relief in 2020, key Republican and Democratic lawmakers say they will be optimistic that they will be able to overcome the seemingly insurmountable partisan divisions that have hampered a new stimulus package since May and reach an agreement by the weekend. Disney on Thursday reported an 82 percent drop in quarterly operating profit, the result of steep losses in its coronavirus-devastated theme park division and the postponement of major theater launches.