Has An Agreement Been Reached

The House of Representatives passed a $3.4 trillion stimulus package in May, but Republicans rejected it and recently insisted on a “thin” law that would provide only $350 billion in new spending. Pelosi insisted democrats accept nothing less than $2.2 trillion, arguing that the toll of the pandemic warrants another significant infusion from Congress. But several factions within the Democratic caucus have pushed them and other leaders privately to stay in Washington and find a solution. This package would extend exceptional taxpayer aid to millions of Americans and businesses who are living through the rapid economic crisis. The bill is being carried by Congress without public hearings or formal review, and the effectiveness of the measures taken to stem the sharp fall of the economy is unclear. . . .