This is my stimulus update for Thursday, October 1.
Pelosi Changes Course
Yesterday, the Senate did pass the continuing resolution, and Donald Trump did sign it to fund the government through December 11, but that’s probably not what you’re most interested in, you’re interested in stimulus, and yesterday, as I told you, Pelosi and Mnuchin failed to come to an agreement in their 90-minute meeting yesterday, Pelosi said afterwards that the House would proceed to vote on the updated HEROES Act, however, she then changed course and decided to postpone that vote until at least today to allow for another shot at stimulus negotiations with the Secretary of the Treasury.
Mnuchin on Fox Business Last Night
Speaking of whom, Mnuchin was on Fox Business last night, talking to Lou Dobbs. Mnuchin said that he and Pelosi are going to speak again today, he said there’s no way that Republicans would agree to a $2.2 trillion-dollar deal, he also said the disagreement with Pelosi is not only about the top line for the bill but also the details of what the money would be used for. Mnuchin said that President Trump himself instructed Mnuchin to go up from the initial one-trillion-dollar proposal they were working on.
And if you haven’t noticed by now, Trump doesn’t really care about the details, he just wants to be able to say he got a deal done and sent out money to the people with the election in mind that is in 33 days away with millions of Americans casting their ballots before then.
What Mnuchin Proposed
Roll Call has some anonymous source who told them that Mnuchin’s offer was $1.62-trillion dollars, I’ve put together this chart here, this is very rough, so don’t take this as gospel, just according to Roll Call, and I’m cherry picking here, $250 billion for state and local government, $400 per week for supercharged unemployment, the FPUC, retroactive to September 12 and lasting through January 1, $175 billion for health care, and he did confirm that a second round of stimulus checks would be in there and that Democrats and Republicans are on the same page there, that’s not really news, he’s been saying that for weeks, stimulus checks are not where the fight is right now, it’s the package as a whole, as has been the case for months now.
Is McConnell On Board?
Roll Call is also reporting that according to their anonymous source, Mnuchin talked to McConnell after meeting with Pelosi yesterday, and McConnell implied that he just might be able to swing enough Republican votes on the supposed $1.62-trillion plan, but — drama, drama — a McConnell spokesman apparently denied that claim.
What’s Missing in Mnuchin’s Proposal
Reportedly missing from Mnuchin’s proposal, at least according to Roll Call, is the automatic boosters, such as the “third” stimulus check that was in the Problem Solvers Caucus’ proposal because you’ll remember that in the clip I showed you yesterday Mnuchin said he would be offering to Pelosi something like the Problem Solvers Caucus’ proposal, so it looks like as I speculated Mnuchin went for something more like the “base” Problem Solvers model without the boosters.
Pelosi This Morning on Stimulus Negotiations
Now let’s talk about what has gone on this morning. Pelosi had a call this morning with other House Dems, and just going off what reporters who listened in on the call have said and tweeted, Pelosi said that she and Mnuchin are still “way off” on state and local funding but “closer” on healthcare and small business.
Apparently unhappy with Mnuchin’s $1.6-trillion offer yesterday, it sounded like Pelosi wanted him to go higher and that something is not better than nothing when it comes to a stimulus bill, I don’t necessarily agree with that.
The Takeaway
So what’s the takeaway here? It is a marginally good sign that the House did postpone the vote on the updated HEROES Act last night, but Pelosi and Mnuchin are still almost $600 billion apart just on a top line with even more disagreement about the details.
They will speak again today, and we’ll have to wait to hear what transpires.
Meanwhile, House Republicans do have their discharge petition on the floor that if successful would force a vote on a PPP extension. And of course, we have Senate Republicans to contend with as well.
Unemployment Update (Lost Wages Assistance)
Weekly jobless claims came out this morning as usual at eight hundred and thirty seven thousand, marginally fewer than last week, of course that number doesn’t include the roughly six hundred thousand PUA applications as well.
In terms of LWA, I am thrilled to report that people are reporting getting paid in Oregon, so now Oregon is purple on my map, and more people in California are reporting that they are receiving their fifth week of Lost Wages assistance.
The Ultimate Playground Awaits: Explore, Conquer, Celebrate!
Hi there! This is my first visit to your blog! We are a team of volunteers and starting a new project in a community in the same niche. Your blog provided us useful information to work on. You have done a marvellous job!
Nice post. I learn something more difficult on different blogs everyday. It is going to at all times be stimulating to learn content from different writers and apply just a little something from their store. I’d favor to make use of some with the content on my weblog whether you don’t mind. Natually I’ll provide you with a hyperlink in your net blog. Thanks for sharing.
Very interesting details you have observed, thanks for posting.
This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!
It’s a shame you don’t have a donate button! I’d certainly donate to this superb blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to fresh updates and will talk about this website with my Facebook group. Chat soon!
There is noticeably a bundle to know about this. I assume you made certain nice points in features also.
Hey there! I’m at work surfing around your blog from my new apple iphone! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the excellent work!
An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your blog? My website is in the exact same area of interest as yours and my visitors would definitely benefit from a lot of the information you present here. Please let me know if this ok with you. Cheers!
Spot on with this write-up, I really suppose this web site needs far more consideration. I’ll probably be once more to read way more, thanks for that info.
I’ve been surfing online greater than three hours today, but I never found any attention-grabbing article like yours. It’s beautiful price sufficient for me. In my view, if all site owners and bloggers made excellent content material as you probably did, the web shall be much more helpful than ever before.
of course like your web site but you have to take a look at the spelling on several of your posts. Many of them are rife with spelling issues and I to find it very bothersome to tell the reality however I will surely come back again.
Have you ever thought about including a little bit more than just your articles? I mean, what you say is important and everything. But think about if you added some great pictures or videos to give your posts more, “pop”! Your content is excellent but with pics and videos, this site could definitely be one of the most beneficial in its field. Amazing blog!
Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.
Hi, i think that i saw you visited my site thus i came to “return the favor”.I am attempting to find things to enhance my site!I suppose its ok to use some of your ideas!!
Enjoyed examining this, very good stuff, thanks. “All of our dreams can come true — if we have the courage to pursue them.” by Walt Disney.
I?¦ll immediately grasp your rss feed as I can’t to find your e-mail subscription link or e-newsletter service. Do you’ve any? Please allow me recognise in order that I may just subscribe. Thanks.
I like this web blog so much, bookmarked. “American soldiers must be turned into lambs and eating them is tolerated.” by Muammar Qaddafi.
You actually make it appear so easy along with your presentation but I to find this matter to be really something that I believe I would never understand. It seems too complex and very vast for me. I am taking a look forward for your subsequent submit, I¦ll attempt to get the dangle of it!
I have been exploring for a little bit for any high quality articles or weblog posts on this kind of house . Exploring in Yahoo I ultimately stumbled upon this website. Studying this info So i?¦m happy to convey that I’ve a very good uncanny feeling I discovered exactly what I needed. I such a lot definitely will make sure to do not omit this web site and provides it a glance regularly.
Thank you a bunch for sharing this with all folks you really understand what you’re speaking approximately! Bookmarked. Kindly also discuss with my web site =). We will have a hyperlink alternate contract among us!
I must point out my passion for your kind-heartedness for all those that really need help with that question. Your very own dedication to getting the solution up and down appears to be surprisingly insightful and have really empowered guys just like me to arrive at their desired goals. This warm and helpful guide means a great deal to me and much more to my colleagues. Regards; from each one of us.
You have noted very interesting details! ps decent web site. “‘We’re always lucky,’ I said and like a fool I did not knock on wood.” by Ernest Hemingway.
very nice submit, i actually love this web site, carry on it
Wow! Thank you! I always needed to write on my blog something like that. Can I take a portion of your post to my blog?
Along with everything that seems to be building inside this specific area, all your points of view are generally very radical. Even so, I am sorry, but I can not subscribe to your whole theory, all be it exhilarating none the less. It seems to me that your commentary are generally not completely justified and in reality you are generally your self not even fully convinced of your point. In any case I did take pleasure in reading it.
My spouse and I stumbled over here from a different website and thought I may as well check things out. I like what I see so now i’m following you. Look forward to looking over your web page yet again.
Its fantastic as your other blog posts : D, regards for posting.
Hey there this is somewhat of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience. Any help would be greatly appreciated!
Hiya! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My blog looks weird when browsing from my apple iphone. I’m trying to find a theme or plugin that might be able to correct this issue. If you have any suggestions, please share. Cheers!
I have been browsing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my opinion, if all website owners and bloggers made good content as you did, the net will be much more useful than ever before.
Some really nice and utilitarian info on this web site, as well I conceive the style holds good features.
I’m curious to find out what blog system you happen to be using? I’m experiencing some small security issues with my latest site and I would like to find something more secure. Do you have any suggestions?
I truly appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thanks again!
Wow that was strange. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say fantastic blog!
Unquestionably believe that which you stated. Your favorite reason appeared to be on the web the simplest thing to be aware of. I say to you, I definitely get irked while people think about worries that they just don’t know about. You managed to hit the nail upon the top and defined out the whole thing without having side effect , people can take a signal. Will likely be back to get more. Thanks
Hello. remarkable job. I did not expect this. This is a excellent story. Thanks!
I like what you guys are up also. Such intelligent work and reporting! Carry on the superb works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my website 🙂
Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.
I like the efforts you have put in this, appreciate it for all the great articles.
Hello there, You’ve performed an incredible job. I will definitely digg it and personally recommend to my friends. I am confident they will be benefited from this website.
I went over this internet site and I think you have a lot of great info , bookmarked (:.
There is apparently a lot to realize about this. I suppose you made various good points in features also.
Thanx for the effort, keep up the good work Great work, I am going to start a small Blog Engine course work using your site I hope you enjoy blogging with the popular BlogEngine.net.Thethoughts you express are really awesome. Hope you will right some more posts.
Hi, Neat post. There’s a problem with your web site in internet explorer, would test this… IE still is the market leader and a large portion of people will miss your magnificent writing due to this problem.
Woah! I’m really enjoying the template/theme of this website. It’s simple, yet effective. A lot of times it’s hard to get that “perfect balance” between usability and appearance. I must say that you’ve done a very good job with this. In addition, the blog loads extremely fast for me on Safari. Superb Blog!