Select Page

Don't Tread On My Site

White House Has Submitted ‘Four Different Offers’ On Stimulus Which Dems Have Ignored: Meadows

Load WordPress Sites in as fast as 37ms!

White House Has Submitted ‘Four Different Offers’ On Stimulus Which Dems Have Ignored: Meadows

Tyler Durden

Fri, 07/31/2020 – 12:10

While the White House and Congressional Republicans work towards a temporary extension of lapsing unemployment benefits, Democrats continue to reject the stopgap measures according to White House Chief of Staff Mark Meadows.

“At the president’s direction, we have made no less than four different offers” on unemployment insurance as well as a moratorium on evictions, Meadows said at a Friday White House briefing reported by Bloomberg. “They’ve not even been countered with a proposal.”

https://platform.twitter.com/widgets.js

House Speaker Nancy Pelosi said on Friday that negotiations with Meadows and Treasury Secretary Steven Mnuchin will continue, but that there can be no stopgap measures without significant progress on an overall package.

“The Republicans said they wanted to take a pause. Well, the virus didn’t,” said Pelosi at her own Friday briefing – which she conveniently held at the same time as Meadows was speaking. “Clearly they, and perhaps the White House, do not understand the gravity of the situation.”

The most pressing issue in the talks now is extra federal unemployment benefits of $600 a week that run dry as of Friday, leaving millions of out-of-work Americans without an additional safety net at a time when the jobs market is still staggering.

Republicans want to cut the benefit in the next stimulus package to a portion of lost wages. In an attempt to prevent a lapse in benefits, Republicans including Trump are pressuring Democrats to go along with a stopgap extension of the expanded unemployment benefit as well as a moratorium on evictions while talks continue on a more comprehensive virus relief bill. Meadows said Thursday that the White House was flexible on the amount of the extension. -Bloomberg

Still, Pelosi insisted after Thursday’s negotiations that a stopgap extension of federal benefits would be “worthless” unless an agreement is near on a larger package.

At present, the GOP stimulus plan sits at around $1 trillion, while House Democrats are angling for a $3.5 trillion package that would allocate funds for states and local governments struggling due to the COVID-19 pandemic.


This post has been republished with permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

-> Click Here to Read the Original Article <-

Advertise on Libertarian Hub

About The Author

Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit https://www.zerohedge.com

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Welcome

Bringing together a variety of news and information from some of today’s most important libertarian thought leaders. All feeds are checked and refreshed every hour and pages auto-refresh every 15 minutes. External images are deleted after 30 days.

Time since last refresh: 0 second

Publish Your Own Article

Follow The Libertarian Hub