Stimulus Agreement Update
(CBS Detroit) — Congressional leaders are moving closer to a second stimulus package that could bring some economic relief to the COVID crisis. And the agreement, as it is now, would involve cyclical controls. But time is running out on the eve of the holidays, with many major stimulus plans coming to an end. What is remarkable is that the $600 money could also be used for drug addicts of all ages. The change, if it came, would potentially involve up to 15 million new people, who would rely on an additional $600 each household, according to the Center on Budget and Policy Priorities. Negotiators were still discussing the possible inclusion of House of Representatives legislation, which would provide funds for distribution to states and cities and to cover emergency costs during the pandemic. They also negotiated the extension and extension of unemployment benefits and the time they would take. The agreement is expected to boost unemployment benefits to about $300 a week, half of the initial benefit approved in March and expired in the summer. But Republicans have insisted on reducing the number of weeks of benefits to offset the cost of providing incentives. If the talks collapse again by January 20, if partisan differences prevent the passage of a bill, it is possible that they will somehow restart after Biden`s inauguration in January. Here are some executive steps Biden could take immediately after the president if a stimulus package has not been adopted until he is sworn in. A smaller stimulus package has the potential to pass it by the end of 2020. The first stimulus package was passed in March, when the federal government helped the economy with the $2.2 trillion CARES Act.
The assistance included increases in unemployment benefits, the Pandemic Unemployment Assistance Program (PUA) and the Pandemic Emergency Unemployment Compensation Program (Peuc). Weekly unemployment benefits of $600 ended in July. PUA payments to professionals who are not eligible for traditional unemployment insurance expire towards the end of the year. This also applies to PEUC payments, which are in addition to 13 weeks for those who have exhausted their public benefits, which typically last between 20 and 26 weeks.Share