{"id":190089,"date":"2021-02-27T02:23:00","date_gmt":"2021-02-26T23:23:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/1-9-trillion-coronavirus-aid-package-set-to-clear-house-late-tonight\/"},"modified":"2021-02-27T02:23:00","modified_gmt":"2021-02-26T23:23:00","slug":"1-9-trillion-coronavirus-aid-package-set-to-clear-house-late-tonight","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/1-9-trillion-coronavirus-aid-package-set-to-clear-house-late-tonight\/","title":{"rendered":"#\n  $1.9 trillion coronavirus aid package set to clear House late tonight"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40f9507fa8d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40f9507fa8d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/1-9-trillion-coronavirus-aid-package-set-to-clear-house-late-tonight\/#Stung_by_Senate_ruling_on_minimum_wage_House_Democrats_aim_to_push_on\" >Stung by Senate ruling on minimum wage, House Democrats aim to push on<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/1-9-trillion-coronavirus-aid-package-set-to-clear-house-late-tonight\/#Jonathan_Nicholson\" >Jonathan Nicholson<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  $1.9 trillion coronavirus aid package set to clear House late tonight<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Stung_by_Senate_ruling_on_minimum_wage_House_Democrats_aim_to_push_on\"><\/span>\n  Stung by Senate ruling on minimum wage, House Democrats aim to push on<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000181054\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       House Democrats hope to clear President Joe Biden\u2019s $1.9 trillion economic package late Friday and send it on to the Senate, where it will face some changes.<\/p>\n<p> While Biden and House Democrats had hoped to use the bill \u2014 which will be immune to filibuster in the Senate \u2014 to boost the minimum wage eventually to $15, that prospect <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared to die late Thursday after the Senate parliamentarian said it would run afoul of Senate rules for so-called budget reconciliation bills.<\/p>\n<div class=\"paywall\">\n       Still, House leaders said they intend to retain the language in the bill they advance Friday, which will force Senate Democrats to s<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> it out as they make their own changes.<\/p>\n<p>\u201cIf it doesn\u2019t prevail because of Senate rules, we will persist. But we will not stop until we very soon pass the $15 minimum wage,\u201d House Speaker Nancy Pelosi said Friday at a press conference ahead of the planned vote.<\/p>\n<p>\u201cThis is a spectacular piece of legislation. While the Senate has prevented us temporarily from passing one aspect of it, let us not be distracted from what is in here, because it is a great bill,\u201d she said.<\/p>\n<p>The bill includes a raft of spending and tax cuts meant to, Democrats say, keep the economy from falling back into recession. Republicans have criticized many of the provisions as too expensive or unneeded.<\/p>\n<p>A third round direct payments to households, at $1,400 per eligible family member, would be made under the bill, at a net cost of about $422.3 billion, according to the Congressional Budget Office. State, local and Native American tribal governments would get $350 billion in direct aid to shore up their finances while an extension of pandemic-related jobless programs, including a temporary boost in the federal add-on to state unemployment checks to $400 a week from $300, would cost about $245.8 billion.<\/p>\n<p>The bill would also set up a $128.6 billion fund aimed at helping elementary and secondary schools reopen safely.<\/p>\n<p>While Pelosi has only four votes to spare if the vote is, as expected, along party lines to pass the bill, its path in the Senate is rockier. There, the margin is even tighter \u2014 Democrats hope to pass the bill in the evenly-split chamber with 50 votes and Vice President Kamala Harris\u2019 tiebreaker.<\/p>\n<p>That means any Democratic defection  could sink the bill. On the minimum wage, for example, West Virginia Democrat Sen. Joe Manchin has said he doesn\u2019t like the $15 an hour minimum wage originally proposed, which would take effect in 2025, and instead prefers an $11 an hour level.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Senate Budget Chairman Bernie Sanders said late Thursday he wants to strip tax deductions from companies that don\u2019t pay at least $15 an hour and provide tax incentives to small businesses to boost pay as a workaround to the absence of a minimum wage increase.<\/p>\n<p>\u201cThat amendment must be included in this reconciliation bill,\u201d he said.<\/p>\n<p>Pelosi, asked Friday if she thought the bill after it gets back from the Senate would still pass the House, whether or not it had a minimum wage hike, said, \u201cAbsolutely.\u201d<\/p>\n<p>The bill is unlikely to get any traction among Republicans, who have noted money from several prior stimulus bills has not yet been fully spent and the economy appears headed upward. The nonpartisan Congressional Budget Office is forecasting 2021 will see the strongest year-over-year economic growth since 1999.<\/p>\n<p>\u201cMy ten moderate Republicans went down to see the president, suggested that they could justify about $500 [billion] or $600 billion. This is $2 trillion. To put that in context, that\u2019s what we spent at the height of the pandemic last April,\u201d Senate Republican Leader Mitch McConnell said Thursday night on FOX <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>.<\/p>\n<p>Republicans have also pointed out another issue for Democrats: a pay-as-you-go budget tripwire put into law during the Barack Obama administration would result in budget cuts next year unless either waived or offsetting budget savings or new revenues found.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cbo.gov\/system\/files\/2021-02\/57030-McCarthy.pdf\" class=\"icon none\">According to the CBO<\/a>, the statutory pay-go clawback would result in a cut of $36 billion, or 4%, to Medicare in 2022, as well as cuts in some other federal entitlement programs. <\/p>\n<p>U.S. stocks were mixed on Friday, with the Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-1.50%<\/bg-quote><br \/>\n       extending losses on the week that have been triggered by a rise in Treasury yields.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jonathan Nicholson\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jonathan_Nicholson\"><\/span>Jonathan Nicholson<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D2C33E3261A7%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# $1.9 trillion coronavirus aid package set to clear House late tonight &#8221; Stung by Senate ruling on minimum wage, House Democrats aim to push on House Democrats hope to clear President Joe Biden\u2019s $1.9 trillion economic package late Friday and send it on to the Senate, where it will face some changes. While Biden&#8230;<\/p>\n","protected":false},"author":1,"featured_media":190090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-190089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/190089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=190089"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/190089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/190090"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=190089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=190089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=190089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}