BREAKING NEW DETAILS $1.9 TRILLION RELIEF BILL Stimulus Check Update + Unemployment Benefits PUA SSI SSDI
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BREAKING NEW DETAILS $1.9 TRILLION RELIEF BILL Stimulus Check Update + Unemployment Benefits PUA SSI SSDI
Here’s your daily stimulus check, your second stimulus check, your third stimulus check, your executive actions, executive orders, and stimulus package update for Saturday, February 20th, 2021.
But first, Biden argued up a strong defense on Friday for his $1.9 trillion relief plan in order to address GOP critics who say it’s too big and asking, “What would they have me cut?”
Biden asked, “Should we not invest 20 billion dollars to vaccinate the nation? Should we not invest 50 billion to help small businesses stay open when tens of thousands have had to close permanently?”
Biden added, “How many people do you know will go to bed tonight staring at the ceiling saying, “God what is going to happen if I don’t get my job if I don’t have my unemployment check?”
Biden spoke as the House prepares to take up the legislation next week.
Up next, Treasury Secretary Janet Yellen has said a large stimulus package is still necessary to get the economy back to full strength.
In a CNBC interview, the lead economic official in the Biden administration said the $1.9 trillion proposal could help the U.S. get back to full employment in a year.
She stated, “We think it’s very important to have a big package that addresses the pain this has caused - 15 million Americans behind on their rent, 24 million adults and 12 million children who don’t have enough to eat, small businesses failing.”
She added, “I think the price of doing too little is much higher than the price of doing something big. We think the benefits will far outweigh the costs in the longer run.”
After Thursday’s job reports and states struggling with the weather, this fiscal stimulus is needed now more than ever.
And finally, House Democrats took another step Friday in their effort to advance a $1.9 trillion stimulus bill, releasing the full bill text.
The bill includes an increase in the federal minimum wage to $15 per hour (which was a topic of debate among democrats), $1400 direct checks for Americans making $75,000 or less a year, an extension of $400 federal unemployment benefits and more money for small businesses struggling.
Democrats have a narrow margin to pass the bill, and Republican leaders have already begun arguing against it.
House Minority Whip Scalise urged Republicans in an email to vote “no” on what his office called House Speaker Nancy Pelosi’s “Payoff to Progressive Act.”
Pelosi pushed back with her office stating in an email, “With millions of Americans unemployed and demanding relief to reopen schools and get people back to work, House Republicans leadership is demanding its members vote against a bipartisan plan to help.”
Earlier Friday, Senate Majority Leader Charles Schumer pledged that Congress would approve the legislation and send it to the president to sign ahead of the March 14th deadline of when enhanced benefits expire.
The panel will take up the bill Monday and it is expected to come to the House floor for a vote later next week.
Once the house passes the legislation, it will next go to the Senate where Democrats hold the narrowest possible majority.
That was your stimulus check, your second stimulus check, your executive action and stimulus package update for Saturday, February 20th, 2021
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