US Heads Into Another Week Without Stimulus Bill

Speaker of the U.S. House of Representatives Nancy Pelosi has called for a separate vote to take place on Monday to settle the political dispute over the size of direct checks to Americans.

Politicians in the U.S. still have not finalized the second major stimulus measure that's been in the works since May.

What Happened: Though a week ago congressional lawmakers agreed on the $900 billion in aid and the next day passed it, U.S. President Donald Trump has not signed it. Emergency unemployment benefits for 14 million people, put in place in the first pandemic aid package passed in March, expired over the weekend.

See also: How to Invest Your $1,400 Stimulus Check

Debate over the funding has led to an unusual situation where Democrats and Trump are on the same side, calling for direct checks to Americans of $2,000, while Republicans want to stick to the $600 checks already agreed to in the aid package.

The package also covers forgivable loans for small businesses, eviction protections for renters and funding for vaccine distribution.

The $900 billion package is attached to a $1.4 trillion government spending bill. The government faces the threat of shutdown if it is not passed — part of the more run-of-the-mill brinksmanship that lawmakers have engaged in since pre-pandemic times.

What's Next: House Speaker Nancy Pelosi has pushed for a separate vote on Monday over the direct checks for individuals, while lawmakers from both parties urge Trump to sign the bill passed last week.

Source Image: Wikimedia Commons by Gage Skidmore

Posted In: Nancy PelosiPandemicStimulus BillTrumpU.S. politicsGovernmentNewsGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.