On August 7th, President Trump signed four presidential memoranda aimed at providing another round of economic stimulus and financial assistance for unemployed workers. The White House has been negotiating with Congressional leaders for several weeks on legislation that would extend many of the emergency economic programs established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act and provide additional aid to the economy that is still struggling from the effects of the COVID-19 pandemic. Although the CARES Act was enacted in March with overwhelming bipartisan support, the White House and Congressional leaders have been unable to reach agreement on another legislative package. The parties have deadlocked over the inclusion of aide to the states (sought by Congressional Democrats), COVID-19 liability protections (sought by GOP Senate Leader Mitch McConnell), and the amount of enhanced unemployment benefits (Congressional Democrats have sought to extend the CARES Act’s $600 per week; the White House and Congressional Republicans have sought to lower the amount to around $300 per week). In addition, the parties have sharply different views on the overall spending level for the next bill. In May, House Democrats passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, which would provide $3 trillion dollars in stimulus, while Senate Republicans have introduced a $1 trillion stimulus bill.
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