White House, GOP push coronavirus relief talks to late July, according to CNBC news sources
Dr. Nitin Chhoda discusses this new announcement about White House and Republican negotiators, who are not planning to hold formal negotiations on a fourth coronavirus stimulus package until late July, when Congress returns from recess.
The current plan is that the Senate and House of Representatives will return to Washington on July 21, 10 days before certain programs under the CARES Act, such as increased unemployment insurance payments, are set to expire.
GOP lawmakers and the administration are now armed with encouraging data on unemployment and calculations showing that much of previous stimulus money remains unspent. They will gather and assess more data in the end of July.
In this video, Dr. Nitin Chhoda analyzes:
1. The White House Rationale for the Postponement
2. What to Expect Going Forward – the Future of the Economy
3. What This Means To You
