House Republicans blocked Democrats’ attempt to meet President Donald Trump’s demand to pay most Americans $2,000 to help weather the coronavirus pandemic.
Republicans objected to the bill House Majority Leader Steny Hoyer sought to pass by unanimous consent Thursday to replace the $600 payments in the latest pandemic relief legislation with the $2,000 payments.
Caitlin Frederick, CFA, CFP, is the director of financial planning and a wealth advisor with Ullmann Wealth Partners.
She also assists clients who utilize the firm's Divorce Advisory Services. Frederick is a member of the American Institute of Certified Public Accountants and co-author of "Move Forward Confidently: A Woman's Guide to Navigating the High-Net-Worth Divorce."
With the majority of employers concerned about being able to continue to afford healthcare for employees, the research reveals how benefit leaders are navigating the current landscape, where they can improve, and what cost drivers are within their control
“House and Senate Democrats have repeatedly fought for bigger checks for the American people, which House and Senate Republicans have repeatedly rejected — first, during our negotiations when they said that they would not go above $600 and now, with this act of callousness on the Floor,” House Speaker Nancy Pelosi said in a statement Thursday.
Democrats will try again with a roll call vote on a new bill Dec. 28, when the House also plans a vote to override Trump’s veto on the National Defense Authorization Act. Since current government spending runs out that day — and funds for the rest of the fiscal year are included in the virus relief bill Trump criticized and hasn’t signed -- the House could also pass another stopgap measure to avert a partial government shutdown.
Republicans on Thursday tried to seek unanimous consent on a measure to examine taxpayer money spent on foreign aid, but Democrats blocked that move. In his complaint Tuesday about Congress’s combined virus aid and government spending bill, Trump criticized federal resources spent on international programs, even though that spending was allocated as part of the bipartisan appropriations process.