GMO · Jimu Global Finance: Multiple rescue measure
  Source:GMO 2023-02-13 14:06:40
Description:

The number of people infected with the epidemic in the United States is still increasing at a rate of 60000 per day, and the federal ban on eviction of tenants has expired on July 25th. The grace plan to supplement unemployment insurance benefits and mortgage foreclosures is also about to expire, but there is currently no sign of a new agreement between the two parties.


Trump said on Wednesday that the differences between the Republican and Democratic parties on the pandemic relief plan remain significant, and Congress may need to take some temporary measures to prevent aid measures from running out. The second Republican figure in the Senate revealed that if there is a slim chance of reaching an agreement before the August recess, the Republican Party still has Plan B.


The Senate Republican Party announced an approximately $1 trillion pandemic relief bill this week to counter the $3 trillion package passed by the House Democrats in May. But this proposal did not win the support of many Republican lawmakers, let alone the Democratic Party.


We will work hard to address the issue of expulsion so that people will not be expelled. We will provide funding for the people. The rest, we are too far away, we don't care. We really don't care, "Trump told reporters before leaving for Texas on Wednesday.


The Trump administration has repeatedly proposed the possibility of a short-term temporary plan, hoping to temporarily address the issues of strengthening unemployment insurance and suspending federal expulsion orders.


But House Speaker Nancy Pelosi has rejected the proposal to split the stimulus package into several parts, and Senate Majority Leader Republican Mitch McConnell has also expressed hope that Congress will pass the overall plan.


US Treasury Secretary Steven Mnuchin earlier told reporters that the two parties are "far apart" on some issues, and lawmakers should reach an agreement on short-term extension of unemployment benefits and tenant protection measures.


House Democratic Party Chairman Hakeem Jeffries said, 'It's difficult for us to compromise on a particularly important area without seeing the full picture of the package.'.


Jeffries expressed his support for Pelosi's position that the Democratic Party does not support short-term extension of unemployment insurance programs.


Plan B


John Thune, the second highest ranking Republican in the Senate, said that McConnell's team will evaluate the possibility of a bipartisan agreement before the August planned recess this weekend. Unless there is a "potential possibility" of reaching an agreement at that time, Republican leaders will take other measures. Toon did not provide any specific explanation for this.


He said, "We are likely to know by the end of this week if there is any hope of reaching an agreement. If we find that the hope is slim, we will have a Plan B.