Mnuchin Makes Stimulus Announcement

Mnuchin Makes Stimulus Announcement

(ReliableNews.org) – On July 20, the Senate arrived back on Capitol Hill and immediately started debating important issues. Republican Senators and the White House spent the week working on the next stimulus package. On Friday, Treasury Secretary Steve Mnuchin announced the lawmakers have come to an agreement.

According to the secretary, a “fundamental” agreement was made during a meeting between Mnuchin, Senate Majority Leader Mitch McConnell (R-KY), and White House Chief of Staff Mark Meadows. The bill is expected to include unemployment aid (possibly 70% of workers’ previous pay), aid for schools, and other big-ticket items. The negotiations started out with a $1 trillion price tag, but that could increase.

The text of the bill was supposed to be released on Thursday night, but there were some delays.

Now that most of the big stuff has been worked out, there’s a good chance it will be finalized soon. Lawmakers have previously said they want the legislation passed before the August Recess. The good news for the American people is that it’s getting there and they’re going to get some much-needed aid in the near future.

Copyright 2020, ReliableNews.org

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