THE TRUTH ABOUT THE $400/WEEK UNEMPLOYMENT BENEFIT EXTENSION | WHAT YOU MUST KNOW | PART 2

Dr. Chhoda analyzes the language in the memorandum on the White House website.
Lost wages assistance is the key sentence why it appears the action may not be through typical unemployment benefits so technically it is not federal unemployment assistance. White House is expected to clarify shortly.


THE RED LINE | WHERE THINGS STAND RIGHT NOW | WHITE HOUSE vs DEMOCRATS | WHAT HAPPENS NEXT

Dr. Nitin Chhoda closely analyzes the recent press conference in which both lead Democrats and the White House lead negotiators shared their thoughts about the status of the failed stimulus negotiations, offers his insight, and what comes next for unemployment benefits extension, evictions and more.


THE WATERSHED MOMENT | STIMULUS AND UI BENEFITS TALKS GRIND TO NEAR HALT, DIMMING ODDS OF CONSENSUS

Speaker Pelosi is hosting Mark Meadows and Steven Mnuchin right now in her office in what is shaping up to be the final negotiation before the Senate and House recess.
The two sides are still very far apart at the current time. If a breakthrough has to happen, it must happen in this meeting, and I’ll break the news to you.


NO DEAL | RELIEF TALKS COLLAPSE AS PRESIDENT READIES EXECUTIVE ACTIONS

There is no stimulus deal. This means no second stimulus check and no enhanced unemployment benefits because both sides are at an impasse.
Talks on a coronavirus relief package collapsed on Capitol Hill on Friday, and White House officials said they will recommend that President Trump move ahead without Congress to try and address unemployment benefits, eviction rules, and student loan relief.


PRESIDENT PREPARED TO ABANDON TALKS WITH CONGRESS IF NO UNEMPLOYMENT BENEFIT EXTENSION DEAL REACHED

President Trump had initially dispatched White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin to act as the White House lead negotiators. They continue to negotiate with Senate Minority Leader Chuck Schumer (D., N.Y.) and House Speaker Nancy Pelosi (D., Calif.), with the goal of finding a compromise deal between Senate Republicans’ $1 trillion proposal and the $3.5 trillion plan backed by Democrats.


FAR APART RIGHT NOW | NO STIMULUS BILL = NO STIMULUS CHECK, NO UNEMPLOYMENT BENEFIT EXTENSION YET

Not very good news about the second stimulus check and unemployment benefit extension at this moment in time, because the two sides are STILL very far apart with respect to the next stimulus package after a 3-hour negotiation (second week of negotiations) today.


A NEW STALEMATE | TRILLIONS OF DOLLARS APART | NO SHORT TERM EXTENSION | NO SIGN OF A DEAL RIGHT NOW

Meadows declared Wednesday evening that the two sides remained “trillions of dollars apart,” adding: “We’re still in need of a breakthrough moment.”
Meadows accused Pelosi of trying to “wear you down until you finally say ‘I’ve had enough’ and you give in to her demands,” adding: “I typically will not concede as readily as some might think.”


ROUGH PATCH IN UNEMPLOYMENT BENEFIT EXTENSION NEGOTIATION | LATEST FROM HOUSE SPEAKER, SENATE LEADER

In what could be a sign of a fast approaching rough patch as the two sides try to reach a consensus on the enhanced unemployment benefits extension, extension of the eviction moratorium and aid for businesses, Dr. Chhoda examines the latest comments from House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell.


People on Unemployment Benefits MORE LIKELY to Search for a New Job | SOME HOPE

Dr. Chhoda explores:

1 – The myth of unemployment benefits depressing work
2 – Research shows unemployment benefits encourage people to find work
3 – How to get some hope in this situation


Florida Governor ACKNOWLEDGES State UI System Had ‘Pointless Roadblocks’ To Pay Out ‘Least Claims’

Gov. DeSantis is acknowledging for the first time that the state unemployment system was deliberately designed to frustrate people, making it so difficult for them to apply for benefits that they would give up and just not get paid.


WHITE HOUSE PROPOSES $400/WEEK ENHANCED UNEMPLOYMENT BENEFIT EXTENSION THROUGH DECEMBER 2020

On enhanced unemployment benefits extension: “Trump administration officials proposed reducing the figure to $400 weekly through early December” (all references to all news sources in the description section below)


WHITE HOUSE & DEMOCRATS AGREE ON DEAL FOR ENHANCED UNEMPLOYMENT BENEFIT EXTENSION BY END OF THE WEEK

Dr. Chhoda analyzes the latest reporting from the Wall Street Journal and the Washington Post and a revealing timeline from Michele Evermore about WHEN you can expect enhanced unemployment benefits to arrive in your account.