FinancialRegulatory

Stimulus Bill Expected Next Week—Here’s When Benefits Would Likely Go Out

August 5, 2020 / Rob Berger, Senior Contributor

As negotiations over the next round of Covid-19 relief plodded along, hope emerged that a stimulus deal will be reached by the end of the week. Speaking to reporters, Treasury Secretary Steven Mnuchin said that negotiators will try to reach an overall agreement by week’s end so that legislation could be passed next week:

“We are pleased to report that although we still have a lot of open issues — I just want to be very clear, we’re not at the point of being close to a deal — but we did try to agree to set a timeline that we’re going to try to reach an overall agreement, if we can get one, by the end of this week, so that the legislation could be then passed next week.”

While the message was encouraging, significant issues still remain. “We’re going to work around the clock the next few days to see if we can bridge the issues. Some issues we’ve been able to agree on, some significant issues are still open,” Mnuchin said. Negotiations will resume today.

House Speaker Nancy Pelosi also sounded a positive note: “We agree that we want to have an agreement. And in that case, we then say, that’s our goal — lets engineer back from there as to what we have to do to get that done.”

Senator Chuck Schumer expressed a similar view. “They made some concessions, which we appreciated; we made some concessions, which they appreciated,” he said.

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Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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2 Comments

  1. I for one am sick and tired of this congressional 2 step these so called elected officials like playing. Do your jobs and do what’s right for the people who you are there representing. Stop trying to posture and just do your jobs. Each side keeps blaming the other for not getting this done. How about this, NONE of you gets a paycheck for the time you have spent throwing blame at each other over getting this stimulus to the people? By the way it’s our tax $ anyways!! Just feed up with all the he said she said crap. Come live in the real world for just a month and see what you think then. The swamp is thick once more I say.

  2. I think it’s time that they stop worrying about pressing their own agendas, and start worrying about the people. This is not the time to argue, but to help. How different would all of this be if they weren’t receiving their pay?

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