About This Source - Bloomberg QuickTake: Now
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Bloomberg Quicktake: Now published this video item, entitled “Democrats Eye Dec. 28 Vote on $2,000 Stimulus Checks With New Bill” – below is their description.
A surprise scuffle over pandemic relief is set to run up against a crucial federal funding deadline next week as Democrats side with President Donald Trump in his demand for $2,000 payments to most Americans and Republicans take up his criticism of government spending.
Republicans on Thursday objected to House Majority Leader Steny Hoyer’s attempt to replace the $600 payments in the latest pandemic relief legislation with the $2,000 payments Trump said he wants. Democrats will try again Dec. 28, with a similar new bill that will be put to a full vote on the House floor.
“House and Senate Democrats have repeatedly fought for bigger checks for the American people, which House and Senate Republicans have repeatedly rejected – first, during our negotiations when they said that they would not go above $600 and now, with this act of callousness on the Floor,” House Speaker Nancy Pelosi said in a statement Thursday.
The standoff over stimulus payments comes after months of intense negotiations finally yielded a compromise to inject $900 billion into the U.S. economy — including forgivable loans for small businesses, supplemental unemployment benefits, support for renters facing eviction and funds for vaccine distribution. Those measures were combined with $1.4 trillion in annual government spending, and now the entire package is in limbo.Bloomberg Quicktake: Now YouTube Channel
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