US pandemic stimulus turns south as Congress returns

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US pandemic stimulus turns south as Congress returns

Although it was borne out that the US Government wouldn’t put up the shutter of its economy for the second time this year despite a steady spike of pandemic cases across the country with analysts fretting that the number of US deaths from the ongoing outbreak would likely to surpass 400,000 mark by the end of what could be a withering winter, hopes of a second round of trillion-dollar pandemic stimulus appears to be waning amid rising rivalry between the US House Speaker Nancy Pelosi and the White House Chief of Staff Mark Meadows.

Besides, while over 13 million laid-off Americans, who had been making ends meet by capitalizing on the US Government’s additional $600 weekly payoff in unemployment benefits that had expired on Aug. 31, White House officials and US Congressional lawmakers appeared to be reluctant over a second round of pandemic stimulus bill ahead of the November 3 US Presidential election.

In point of fact, since the talks between top Democrats and Trump Administration had broken off last month, the bipartisan unity that propelled roughly $3 trillion in pandemic aid packages passed in the US Congress in April this year, appeared to have diminished, eventually spurring up concerns on US consumer spending alongside the health of the small-cap businesses over the coming months.

Hopes of pandemic relief bill fade

In point of fact, latest impasse over a second round of trillion-dollar pandemic relief bill came forth in light of growing acrimonies among key leaders such as House Speaker Nancy Pelosi and White House Chief of Staff Mark Meadows, while the US President Donald Trump, who would be contesting for his second term against the former US Vice-President Joe Biden, seemed to be sidestepping pandemic in his electoral campaigns as Republicans were not interested in a pandemic relief bill on Democrats’ terms.

Apart from that, pouring cold water over the possibilities of another leg of pandemic stimulus bill, US President Donald Trump said to the reporters in White House late on Monday, “Democrats don’t want to make a deal because they think that if the country does as badly as possible ...

that’s good for the Democrats. I am taking the high road. I’m taking the high road by not seeing them.