Agreement On Unemployment Extension

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Pelosi noted that 10 weeks ago, House Democrats passed a $3 trillion bill in May that would have extended benefits for those who did not have jobs at the current $600 a week, in addition to their weekly unemployment insurance check. She condemned Republicans in Congress and the White House for not coming to the negotiating table earlier. Democrats were aiming for a six-month extension of the $600 boost in the Heroes Act, a $3 billion relief bill passed by the House of Representatives in May, but the package faced Republican resistance in the GOP-controlled Senate. The stalemate in any form of coronavirus exemption continued, although it was reported that the U.S. economy had destroyed nearly five years of growth in the second quarter of 2020, with the number of new applications for public unemployment assistance exceeding one million for the 19th consecutive week. Faced with several programs that have repelled a wave of forced displacement, seizures and layoffs, either out of date or in a few days, economists warn that a decline could further devastate an already upsetting economy. Senate Republicans forced the House to start with an extension of unemployment benefits, which expires Friday, but there was no agreement on a measure to do so. As a possible intermediate solution to the issue of unemployment insurance, Senator Ron Johnson (R-Wi) proposed on Thursday a short-term extension of expanded benefits of $200 per week, while a one-week extension of the $600 boost was proposed by Senator Martha McSally (R-Az), as reported by Forbes. Meadows told reporters after a meeting with Schumer and Pelosi on Thursday that the White House proposals “have not been well received.” He criticized the fact that Democrats are not willing to consider the extension in the short term.

Democrats have advocated $915 billion to help states and local governments whose budgets have been eroded by a declining tax base, but Republicans have offered only $150 billion. Similarly, Democrats insist on a total extension of federal unemployment benefits of $600 per week, which Republicans oppose. Meadows said President Trump would support a one-week extension of the $600 power to give lawmakers time to negotiate a longer deal. But Democrats turned down an attempt by Arizona Republican Sen. Martha McSally to get approval for such an extension, with Schumer dismissing the effort as a “cascade” in the Senate. Democrats and Republicans have been working for weeks on the details of a new coronavirus stimulus package before taking a break (August 7). Three proposals are on the table, but the three negotiating parties (Democrats, Republicans and the White House) have not yet been able to agree on exactly how to adopt the stimulus measures and their generosity, as the coronavirus pandemic continues to weigh on the U.S. economy.