The new round of economic stimulus in the United States is not going to work

category:Finance
 The new round of economic stimulus in the United States is not going to work


Prior to this, the US Democratic Party and the Republican Party on a new round of the new round of epidemic relief bill negotiations broke down, and both sides did not disclose when to restart in the future. The U.S. House of Representatives has been suspended from July 31 until September, while the Senate has been suspended after August 7.

The focus of the negotiations between the two parties is on the amount of aid, and there are huge differences. The total amount of the Democratic aid package reached $3.4 trillion, and nearly $1 trillion was provided to state and local governments under financial pressure. But the Republican plan is only $1 trillion, and there is no new round of funding for state and local governments. But the Republican plan includes a new round of $1200 in cash subsidies for each working class, billions of supplementary funds for small business loan programs, protection for employers liability exemption, and aid for schools. Nancy Pelosi, the speaker of the house of Representatives and Democrat, said after the talks broke down that she had put forward a compromise plan. If the Republican Partys plan increased by $1 trillion, she proposed to cut $1 trillion, but the two sides still failed to reach an agreement. Source: Securities Times editor in charge: Yang Bin_ NF4368

The focus of the negotiations between the two parties is on the amount of aid, and there are huge differences. The total amount of the Democratic aid package reached $3.4 trillion, and nearly $1 trillion was provided to state and local governments under financial pressure. But the Republican plan is only $1 trillion, and there is no new round of funding for state and local governments. But the Republican plan includes a new round of $1200 in cash subsidies for each working class, billions of supplementary funds for small business loan programs, protection for employers liability exemption, and aid for schools.