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Divisions remain over stimulus with timeline uncertain

Aug. 10, 2020 4:36 AM ETBy: Yoel Minkoff, SA News Editor14 Comments
  • The timeline for a U.S. stimulus package is still unclear as neither Democrats nor Republicans are giving a firm date after negotiations collapsed last week.
  • President Trump announced four executive actions to work around the impasse on Saturday, including a $400 weekly enhanced jobless benefit (a quarter of which will be covered by states), student loan relief, an eviction moratorium, and a payroll tax holiday. A second round of stimulus checks must be approved by Congress.
  • States can either use money already appropriated by the federal government to provide the 25% of unemployment benefits, according to Treasury Secretary Steven Mnuchin, or they can request a waiver from Trump.

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