The President of the United States just announced via Twitter that he will be calling his aides to cease all negotiations on a new stimulus deal until after the 2020 election. The new HEROES Act which just passed a House vote was the closest Americans could have hoped to receive financial aid this year, but it seems any hope of quick relief will have to wait.
With negotiations halted, progress on passing this bill cannot take place. The sudden end to negotiations came as a surprise to many, who saw the House vote as an encouraging sign toward passing the bill. The origin of this sudden halt in negotiations also confused some, as the President has previously proclaimed his support for delivering a stimulus package quickly.
There are different perspectives on why the President would call for an end to negotiations. According to some, this is a ploy to increase his chance of winning the presidential election by promising a stimulus package if he wins, while others would point out that the bill is simply too expensive financially to pass as-is and needs reworking.
Regardless, the halt will force Americans to wait longer for the financial aid they need to make ends meet during the #Coronavirus pandemic. For many, the wait may be too long to expect the timely boost they need.
The new HEROES Act can continue along its path in the Senate without approval by the President, however with negotiations halted, it's unlikely that it will make it very far.
If you were relying on supplemented unemployment funds, looking forward to a stimulus check, or working at a small business that relies on Paycheck Protection Program loans, you can expect to wait for these benefits to be renewed until, at least, early 2021.