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For the first time in several months, you can finally start to sense that stimulus talks are actually getting somewhere.
Yesterday, in the below article, I discussed how Pelosi feels “happy” about the current prospect for an agreement which is a significant breakthrough after months of deadlock.
But there is also clear optimism coming from the other side of the negotiations.
White House Chief of Staff Mark Meadows said he hoped for a deal on a new stimulus bill this week.
“I am optimistic,” Meadows said on the Fox Business Network.
“We do share one goal, and that is hopefully to get some kind of deal in the next 48 hours or so.”
“I can tell you that the negotiations have entered a new phase, which is more on the technical side of trying to get the language right if we can agree upon the numbers,” he said.
“We’re still apart, still a number of issues to work on, but the last 24 hours have moved the ball down the field.”
This is a huge change in tone from those involved at the highest level and is extremely encouraging to hear.
Any mention of progress in the past few weeks has always been only a mere hint of small steps being made in the right direction.
But now, it truly sounds like lawmakers have hit their stride in the negotiating process and turned the corner.
I honestly feel like we might hear something concrete by the end of today regarding the next agreement.
And if we don’t have an agreement by the end of today it’s looking like next week could be the week where it all happens.
The real kicker is going to be how do Republicans respond to this new deal that will likely be a pretty high amount close to $2 trillion?
If Pelosi is happy then I can only guess that means Senate majority leader McConnell is probably the opposite of happy.
We’ve heard mixed signals but I would also imagine that if Republicans decline to get on board with this package, they are going to be upsetting a lot of their constituents who are relying on government aid right now.
I think it also is significant that the president and his administration will be backing this package.
Trump’s blessing on the stimulus package could go a long way for some key Republicans in the Senate.
So while I still have reservations about GOP support for such a piece of legislation, I think there is some reason to be optimistic that they will be on board.
10/21 Original article
It looks like there is some good news to share today regarding the long-awaited stimulus package.
We just heard from the Speaker of the House and she had some pretty illuminating comments.
“I’m pretty happy. I think we have a prospect for an agreement,” House Speaker Nancy Pelosi told MSNBC today.
This is the first time in several weeks to months that we have heard Pelosi share true optimism regarding the prospects of the stimulus bill.
She even went as far as to say she is “happy.”
Now, it’s true that they did not quite strike a deal today but the “prospect for an agreement” sounds much more promising than anything we have seen up to this point.
They have scheduled to meet once again tomorrow and so hopefully we will see something more substantive get done.
While it is super encouraging that Pelosi has finally reached a point of compromise, this could mean trouble for passage of the bill in the Senate.
We know that President Trump and the White House are on board for a pretty large stimulus package deal.
President Trump has expressed that he would be supportive of a bill even higher than the $2.2 trillion proposed by the Democrats so all indications are that he will be on board with this bill.
Trump already stated that if his team and Pelosi make an agreement, that agreement will make its way to the Senate floor and this has been substantiated by other Republicans like Mitch McConnell.
The problem is that it is still a bit unknown as to how Republicans would respond to a large stimulus package that will likely be near $2 trillion.
Despite admitting to being okay with bringing the bill to the floor of the Senate, McConnell already warned the White House about giving in to the high demands of Democrats.
However, there are multiple reports that there actually is a lot of support among GOP members for a large bill as long as the components of the bill makes sense.
But we have known from the beginning that there is also a sizable group of Republicans who don’t want any spending or who would only approve of a much smaller bill, likely 25% of the size of this bill that is going to come out.
Aside from where Republicans stand, the other question is will this thing actually be signed into law before the election?
Pelosi indicated that the answer to that question is not clear at this point.
“There will be a bill,” she said. “The question is, is it in time to pay the November rent, which is my goal, or is it going to be shortly thereafter and retroactive?”
“I think Mitch McConnell might not mind doing it after the election.”
I would strongly prefer for a stimulus deal to go through for the November 3 election because things can quickly get stale during a lame duck session.
It sounds like the parties involved would be open to passing something after the election and so if that is the case maybe we don’t have as much to worry about as I thought but you never know.
Still, despite the unknowns, this is a major development that has the potential to bring about an outcome we’ve been waiting months for.
I’ve got a feeling that we might be hearing something about an agreement getting reached by the end of the week but we’ll see.
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Daniel Gillaspia is the Founder of UponArriving.com and creator of the credit card app, WalletFlo. He is a former attorney turned full-time credit card rewards/travel expert and has earned and redeemed millions of miles to travel the globe. Since 2014, his content has been featured in major publications such as National Geographic, Smithsonian Magazine, Forbes, CNBC, US News, and Business Insider. Find his full bio here.