Stimulus check update: Treasurer secretary ready to negotiate

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. UponArriving has partnered with CardRatings for our coverage of credit card products. UponArriving and CardRatings may receive a commission from card issuers. 

Many of us have lost hope regarding more stimulus checks going out.

This is largely due to the fact that negotiations have stalled for several weeks now and it has been a few months since initial proposals were approved by the House of Representatives and the Senate.

However, there still is some reason to hold out hope and I will explain why.

Earlier today, Treasury Secretary Steven Mnuchin expressed optimism about a possible compromise.

“There is a compromise if the speaker [of the House] is willing to move forward. I am somewhat concerned that she’s afraid any deal would be good for the president,” Mnuchin said.

What does that mean?

It means that given that there is an election coming up in just over a month and a half, the speaker of the House, Nancy Pelosi might feel like passing another round of stimulus checks would make the public look more favorably to President Trump and increase his odds of getting elected.

This is probably true, especially considering how the last batch of checks went out with a letter from President Trump and even included his name in the memo section of the check.

But should that suspicion prevent millions of Americans from timely receiving more stimulus checks?

I think the answer to that question should be a definitive no.

At this point, it does look like the White House is willing to negotiate so that another stimulus package will get passed promptly.

“I’ve told the speaker I am available anytime to negotiation, no conditions,” the treasury secretary said.

But so far the only response we have heard from Pelosi is that the Democrats are not willing to budge from the $2.2 trillion package.

Could that price tag just be a matter of holding up negotiations until after the election? Will Democrats be willing to drop that price tag after the November elections?

It’s difficult to know for sure but it is hard to imagine that politics is not playing a major role in determining whether or not more aid is going out to Americans which I believe is shameful.

H/T

UponArriving has partnered with CardRatings for our coverage of credit card products. UponArriving and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

Leave a Reply

Your email address will not be published. Required fields are marked *