The Republican version of the economic stimulus plan, launched by U.S. Treasury Secretary manuchin on September 30, contains $1.6 trillion. Democrats see the plan as incomplete..
Negotiations on a new round of economic stimulus package have been going on for several months, but no agreement has been reached due to the great differences between the two parties on the total amount of aid. Since the outbreak of the new crown epidemic, the United States has passed four rounds of economic stimulus programs, allocating nearly $3 trillion. However, a number of assistance, including unemployment insurance, expired in early August.
US media quoted analysis as saying that if the two parties fail to reach an agreement on a new round of economic stimulus plan in the near future, it may lead to another economic downturn in the fourth quarter of the United States. (end)