President Trump criticized the latest $900 billion Covid-19 relief package passed by Congress, calling on lawmakers to increase the amount allotted for direct payments to Americans, WSJ reports.
Why It Matters: It’s an announcement that stunned Washington lawmakers. After a months-long contentious negotiation between parties, with concessions on both sides, a deal was finally agreed upon and near enaction. Trump’s opposition will likely slow down the process, “upending a plan unveiled by Treasury Secretary Steven Mnuchin —a key negotiator on the package—for the first batch of payments to go out at the beginning of next week.”
- The $1.4 trillion spending bill planned to fund the government through September and had roughly $900 billion allocated for coronavirus relief.
- Trump called on lawmakers to boost the planned $600 per American to $2,000.
What’s Next: If Trump doesn’t sign the bill or have his veto overridden, the government could enter another brief shutdown. If he does nothing for 10 days, the law will go into practice without his signature.
On The Horizon: With President-Elect Joe Biden less than a month away from inauguration, the stimulus landscape is likely to change. Democrats have said they would press to pass more relief next year when the political climate is more favorable.