Update: Trump signed an extension on unemployment benefits in the amount of $400. He said the $600 was too much and by lowering it by $200, the American people would have incentive to go back to work.
The Democrats and the Trump Administration met for an hour and a half at the Capitol on Friday to discuss how government would tackle the forthcoming economic decline of the U.S., but failed to come to a resolution to help the people.
The resistance appears to come from the Democrats, who refuse to accept a lowball offer of aid for covering the financial impact of the pandemic.
“I’ve told them, ‘Come back when you are ready to give us a higher number,’” House of Representatives Speaker Nancy Pelosi (D-CA) said in a press release.
The vexatious COVID-19 pandemic has stirred the pot of nationwide anxiety as people wonder how long the virus will cause closures and social distancing requirements. As the months pass, pressures to find income to pay bills is surmounting among the working class.
Stimulus checks were issued in the early stages of the pandemic, but the $1,200 that most people received was not sufficient enough to cover living expenditures for the average person.
Seven months into the pandemic and things have not changed much. Most of the U.S. is still shut down. Unemployment is still a budding issue with most people’s additional $600 allotment ending this week. On top of that, the rental housing industry is gearing up to start what could possibly be the largest number of individuals evicted within a year.
If the Democrats have their way and are given $1 trillion to work with, direct payments ranging below $1,200 may be sent to U.S. residents, along with a temporary stop on evictions and student loans. Also, unemployment benefits would be issued at $600 per week on a long term basis.
The White House suggested that Donald Trump enforce an eviction moratorium, extended unemployment benefits and prohibition of student loan interest through an executive order so that the actions could be applied across states. The only issue with that is that Congress controls federal spending.
In the meantime, Congress is due for a summer recess, so that means the people will continue to wait, and possibly suffer, as these elected politicians arrive slow to the party.
