House spokeswoman Nancy Pelosi promised swift action on new laws that limit stimulus payments to individuals on Jan.$ 000 and urged Republicans to join the Democrats for one final meeting – President Donald Trump’s minute call that cast doubt on a historic pandemic relief package

Pelosi stressed in a letter to colleagues on Wednesday that the approval of Republican leader Kevin McCarthy will be required in order to obtain unanimous consent to increase payments to 2Surrendering $ 000 of $ 600 which was part of the pandemic relief package passed late Monday Trump said Tuesday the lesser amount wasn’t enough and he doubted he would sign the $ 2 trillion spending bill p>

“If the President is really with us 2If he wants to pay $ 000, he should ask Leader McCarthy to agree to our unanimous declaration of consent, “Pelosi said in a letter to House Democrats

The speaker also said Trump should sign legislation passed Monday night that provides $ 900 billion in pandemic aid and $ 1.4 trillion in regular federal funding by the end of fiscal year Trump would have to sign it by December 28 to get one To prevent failure of government funds after midnight that day

“The whole country knows that there is an urgent need for the president to sign this bill, both to provide coronavirus aid and to keep the government open,” Pelosi said in her letter

The speaker plans to convene the House in a pro forma session at 9 a.m. Thursday Senate Majority Leader Mitch McConnell, whose GOP conference consistently delivered a smaller aid package ahead of the signing of the $ 900 billion effort on Monday had asked, has not said whether his chamber will pursue the proposal further

Economic data on Wednesday underscored the need for help, with American incomes falling 11% in November – far worse than economists expected, and the second straight decline in initial jobless claims topped 800 last week000, more than four times what it was at the end of January

Stocks largely shook off news of the Washington complications and the economy, with the S&P 500 index rising 05% from 12:13 pm in lighter trading than before the holiday halting a three-day slump

Trump slammed Monday’s bill as “a shame” for not doing enough for Americans in need. The indictment came less than 24 hours after Congress passed the legislation by largely bipartisan votes. He also called for the elimination of ” wasteful and unnecessary items “but did not say whether he would veto the bill

Only one member of the House of Representatives could block the bill Pelosi plans for Thursday.You and your lieutenants would then have to decide whether to put it to the entire House for a roll-call vote.Most members left Washington earlier this week after they left on Monday had passed the year-end package

According to estimates by Kyle Pomerleau, an economist at the American Enterprise Institute, it would cost the federal government $ 482 billion to cut adult payments on 2$ 000 while child payments would be left at $ 600, roughly $ 318 billion more than the estimated $ 164 billion in the current package, according to Joint Tax Committee calculations. p>

Trump’s move is suddenly putting pressure on Republicans in Congress, most of whom resisted major economic reviews, to keep the total cost of the pandemic package below $ 1 trillion, Democratic Senator Bob Casey said while it is good for Trump to support direct payments now, but the President was absent during months of negotiations when he should have made these demands

“Donald Trump is going to have problems with his own party,” Casey predicted in an interview. “It’s likely this won’t happen because Republicans will vote against it – many of them didn’t want the $ 600 that’s a good feeling for the president, but where has he been all these months helping the Democrats with this? He was AWOL ”

Two of Trump’s most ardent supporters, Senators Lindsey Graham of South Carolina and Josh Hawley of Missouri, said the president’s offer to increase payment amounts was the right move Hawley took 1Requesting $ 200 checks before endorsing Monday’s legislation

Graham suggested tying the advanced stimulus checks to a separate Trump priority – repealing a law protecting social media companies from liability for most of their user-generated content

The president has separately vetoed a huge annual defense spending bill for a number of reasons, including the lack of a provision to remove this protections for social media companies, while Republicans and Democrats alike argued that such a measure was separate from the National Defense Authorization Act must be considered

Trump would have to enforce his veto threat against the defense law on Wednesday, otherwise it will automatically become law Graham suggested that combining the repeal of the social media measure with the 2nd$ 000 Checks Would Convince President to Sign Both Pending Bills Pelosi has not addressed his pitch

“I have reason to believe that this combination will lead President Trump to endorse the NDAA and COVID19 omnibus bills,” Graham tweeted Tuesday,

The GOP’s opposition to further deficit spending could make this idea unusable, however, opening up the possibility of two vetoes from Trump and the potential for overrides by the House and Senate in the final weeks of his presidency Trump has against several during his tenure Bills vetoed, but Congress has not successfully overridden any

Nancy Pelosi, Trump Stimulus, Trump Veto

World News – USA – Pelosi urges Trump to urge Republicans to 2Support $ 000 checks

Source: https://www.bloomberg.com/news/articles/2020-12-23/pelosi-plans-thursday-vote-on-trump-s-2-000-stimulus-checks