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On Saturday President Donald Trump signed executive orders and memorandums halt residential evictions, provide $400 weekly enhanced unemployment benefits, defer payroll taxes, and extend student loan relief until the end of the year.
This came after unfruitful negotiations between Democratic and Republican leaders on Friday for a broad stimulus bill, which would have included a second round of stimulus checks and enhanced unemployment benefits to help Americans cope with the pandemic.
But on Monday Treasury Secretary Steven Mnuchin appeared on CNBC and told viewers that the White House is still open to a stimulus bill that includes stimulus checks, another round of forgivable PPP loans, and money for schools and hospitals.
“We’re prepared to put more money on the table,” Mnuchin said Monday on CNBC. “Again, if we can get a fair deal we’re willing to do it this week.”
What’s holding up the $1,200 stimulus checks–which both parties support—and a broader stimulus bill? Simply put: Democrats haven’t come down enough in their asking price for the stimulus bill, and Republicans haven’t come up enough.
“It was …