Negotiations on the rescue of the new crown epidemic in the United States broke down. Trump or take administrative measures?
Chinanews.com, August 8th. According to a report by the US Chinese website, August 7 is the deadline for the White House and the Democrats to reach an agreement on the new crown epidemic relief case, but after the meeting, the Democrats said that the White House refused After they proposed a compromise of US$2 trillion, the two sides still have differences on key issues and it is difficult to reach a principled agreement.
Treasury Secretary Mnuchin said after the day’s meeting that he would recommend that President Trump take administrative measures to stop the deportation and restore some unemployment assistance, including student loan assistance.
Data map:US President Trump.
Mnuchin said that due to lack of progress, Trump should continue to implement the plan and restore some of the expired provisions of the previous bailout bill.”We need some time to finalize and deal with them.”
As Congress controls federal spending, it is unclear what Trump has power to extend these projects.
The Speaker of the House of Representatives Pelosi said at a press conference earlier in the day that the closed-door meeting on the 6th During the period, Democrats proposed that if Republicans agreed to increase the approximately $1 trillion package by the same amount, Democrats could increase The 3.4 trillion dollar budget is cut by 1 trillion.
This strategy is actually a compromise between the two-party plan. Pelosi said:”If you increase $1 trillion, we will reduce it by $1 trillion. They say it is impossible.”
Pelosi and Schumer continued to meet with White House Chiefs of Staff Mark Meadows and Mnuchin on the 7th. But after the 90-minute meeting, Schumer called the meeting”disappointing” because the White House once again rejected their $2 trillion compromise.
But Mnuchin said after the meeting that he will not return to the negotiating table unless the Democrats change their attitude towards aid to the epidemic.
In addition to the total amount of the bill, the four negotiators have not reached agreement on several other key issues, including funding for state and local governments, unemployment benefits, and Senate Majority Leader McConnell’s Insist on providing liability protection for enterprises, schools and other institutions to prevent them from civil lawsuits related to the new crown.
Pelosi said:”In the past two weeks of negotiations, we tried our best to find common ground. However, many key differences still exist.
On the other hand, the White House economy Consultant Larry Kudlow said that the draft executive order to suspend the collection of payroll taxes is nearing completion, and he believes that President Trump will sign it. Trump has stated many times this week that if there is a bailout case between the White House and Congress There is no progress in the negotiations, and he is prepared to unilaterally take action through an executive order.
Source:China News Network