Last Chance For US To Rescue Covid-19 Stimulus Deal

Last Chance For US To Rescue Covid-19 Stimulus Deal

Stimulus Deal

Steven Mnuchin, Treasury Secretary, stated that the US President and Congress negotiated terms and finally agreed to the Covid-19 Stimulus Deal. The stimulus package is much needed for the current situation.

Though there are no such serious negotiations, however, a relief bill is being prepared before the November election.

The White House was back on Monday and was also welcomed by Speaker Nancy Pelosi. But the House is not likely to boost the decision in any way.

Both the party, Democratic and Republican is planning to apply a new strategy. But if the system fails to provide aid to the millions of needy households and companies, it might anger the voters.

Now some unfavorable situations can lead to break the deadlock. Those are:

Donald Trump trying to apply a different technique to being alarmed by poll numbers. A recent rise in the economic indicators. And Pelosi or Mitch McConnell facing a revolt.

Steve Mnuchin, U.S. Treasury secretary, speaks while Ricardo Rossello, governor of Puerto Rico, left, listens during a press conference in San Juan, Puerto Rico, on Thursday, March 22, 2018. Mnuchin struck an agreement with Puerto Rico that will speed up the island’s to access to federal disaster loans, ending an impasse over funds the bankrupt island needs to rebuild from the storm that ravaged it six months ago. Photographer: Daniel Cassady/Bloomberg

Pressure Decreases On Mitch McConnell

Mitch McConnell also gave an opportunity to the moderates to vote for the stimulus bill in favor of the Republican.

“I wish I could tell you we’re going to get another package,” McConnell said during a visit to a Kentucky hospital on Friday. “But it doesn’t look that good right now.”

On the other hand, poll numbers in the House is in favor of Pelosi in November.

“I’m optimistic. I do think we should have an agreement. That’s what we all want,” Pelosi said.


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