A new stimulus bill containing awill not become law in the remaining days before . But the results of the general election — from the members of the House of Representatives to the Senate to the office of President itself — could shape as well as its timeline for approval.
Why? The deep divisions in political and social priorities between Democrats and Republicans have created a rift that the two sides have been unable to surmount since the bipartisan passage of theseven months ago. Since then, everything from the cost of the next coronavirus rescue bill to its specific contents has represented a polarizing struggle in the highest political offices.
Seat by seat, the election results could determine through majority in both congressional chambers and the Presidency the full measure of included funding, and whether a bill will pass as is or through more laborious debate.
“Our people should get it — the stimulus,” President Donald Trump said Tuesday at a press briefing before hitting the campaign trail. “After the election, we’ll get the best stimulus package you’ve ever seen,” he said, predicting a sweeping Republican victory in the House of Representatives and Senate, and his own win over Democratic candidate and former Vice President Joe Biden.
Biden has published, and has largely been leading the polls. Trump’s handling of the coronavirus pandemic is a central part of Biden’s campaign. Experts acknowledge that polls are imperfect, and battleground states are of critical importance. (If you , here’s how to .)
The consequences of delayed COVID relief aid on the economy and struggling Americans is palpable in the numbers. Ninety-seven percent of the companies represented in the S&P 500 — a group of top tier firms used to indicate overall stock market performance — have fallen on Wall Street since Monday, Market Watch reported. The US has surpassed 8.8 million known coronavirus cases and over 227.6 thousand COVID-related deaths, according to John Hopkins University’s Coronavirus Resource Center. And personal bankruptcies are expected to rise in the absence of stimulus aid as a last-ditch effort for some people to hold onto their homes.
Despite deep differences, there’s hope at least an agreement could be made.
“We are confident that we can get something in the coming weeks,” White House Communications Director Alyssa Farah said Tuesday on Fox & Friends. “We are hoping within weeks. I don’t want to get too ahead of any announcements.”
Although the goalposts for the stimulus package have been pushed back, negotiations could still carry on despite the official pause in congressional activity. It’s also possible legislative work behind the scenes may go on.
“This week, we continue to put pen to paper,” House Speaker Nancy Pelosi, the bill’s lead Democratic negotiator, said Tuesday in a statement.
The current commitment to the timeline from both sides is significant, since the period between a general election and the inauguration of the next presidential term — known as the lame-duck period — is notoriously a dead zone when it comes to passing new legislation, with the exception of emergency measures, like avoiding the US government shutdown on Dec. 11.
This period from Nov. 4 to Jan. 19 is also seen as the best shot a stimulus package has to pass before Jan. 20, the start of the next presidential term. However, it’s unclear what might happen if the results of the election were to shift the political majority of the House of Representatives, the Senate and the office of President.
“We’ll come back in November. The question might be, will there be something then?” said Senate Appropriations Chairman Richard Shelby, a Republican from Alabama, on Monday, Bloomberg reported. The Senate is now on recess until after the election. A bill is said to go through this committee before reaching a vote.
Talks have been on-again, off-again for months, as the US continues to rack upcases and deaths as a result. Friday saw a new case record as COVID-19 entered a third surge across the US. Several aides to Vice President Mike Pence have tested positive for COVID-19, including his chief of staff, underscoring soon after President Donald Trump’s that the pandemic is of ongoing concern. Meanwhile, projections of job losses as a result of the virus continue to alarm.
What happens now, and how could it affect Americans and the economy? Here’s what we know today. We update this story with new information when it’s available.
What will happen after Nov. 3?
For now, White House and Democratic negotiators seem committed to continue work on a stimulus bill. “Let’s keep working so that we can do it after the election,” Pelosi said Oct. 21.
Here are some possible scenarios that could play out:
A White House offer is completed after Nov. 3: An agreement is made and the current House and Senate vote. If Trump signs it into law,, with certain groups receiving financial help before the end of 2020.
A White House offer is finalized and fails in the Senate: In this situation, the House could vote on a deal after the election, but the current Senate, which is Republican-led, could vote it down, so the bill would not become law. In this case, Congress might try again after the next members of the House of Representatives and Senate convene Jan. 3, 2021.
Some funding could be included in a bill that also refunds the government past Dec 11: It’s possible that one piece of funding, for example a stimulus check, unemployment aid or an, could make it into a bill to keep the government funded past Dec. 11 and avoid a shutdown.
Talks stop until after the election results are in: If talks grind to a halt after the election, it’s likely they’ll restart in some capacity after the inauguration in January. It’s been speculated that if Trump loses the election and if the Senate loses its majority, there will be little incentive for Congress to pass a sweeping package until 2021 during the transition.
To help visualize when a bill could pass, we’ve speculated and come up with five possible dates, both before and after the November election. If a bill does pass that includes a direct payment, here’s.
When could a stimulus bill or package pass?
|House votes||Senate votes||President signs|
|Nov. 9 (Senate back from recess)||Nov. 10 (If House returns early from recess)||Nov. 12 (Nov. 11 is Veteran’s Day)|
|Nov. 16 (House back in session)||Nov. 17||Nov. 18|
|Nov. 23||Nov. 24||Nov. 25|
|Dec. 11||Dec. 12||Dec. 13|
|Feb. 1, 2021||Feb. 2, 2021||Feb. 3, 2021|
What happened to the House’s stimulus bill from early October?
On Oct. 1, the House of Representatives passedthat includes a and such as for tens of millions of Americans. The new House bill, endorsed primarily by Democrats, was not expected to advance through the Republican-controlled Senate, and indeed has not.
According to Pelosi, the vote on the revised Heroes bill was independent of ongoing negotiations with Mnuchin.
The vote was thought to provide cover for House Democrats as they campaign without a new relief bill, much as the Senate did earlier in September for Republican members with its $650 billion skinny bill. Like the skinny Senate bill, this new House proposal has little chance of advancing in the other chamber.
What do Republicans and Democrats agree on?
Proposals from both sides have included another for individuals , among topics like aid for airlines, and extending the Paycheck Protection Program for businesses. Although the Senate’s targeted bills do not include stimulus checks, in the past, Republicans (including those in the Senate) have supported them. Here are more details on under negotiation and the most recent bill passed by the House.
For more information about stimulus checks, here’sand what to know about the stimulus bill proposals that could help inform a final package.