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What do you think the likelihood is that Congress and President Trump will be able to come to an agreement on another round of stimulus checks before President-elect Biden is sworn in next January?
To be honest, my views on this have changed significantly over the past week or so. I initially thought that no matter what happened, cooler heads would prevail after the election and a compromise could be had. Now I'm not so sure.
With President Trump contesting the election and Republican lawmakers (mostly) backing him up or simply staying silent, I don't see how the two sides can come together and pass a massive stimulus bill before this session of Congress ends on January 3, 2021.
Not just that, but both sides have a valid reason to assert that the voters are on their side. The Democrats can say that the American people overwhelmingly chose President-elect Biden while the Republicans can point to gains in the House and retaining (for now) the Senate.
What that means, I fear, is that nothing is going to get done before President-elect Biden is sworn in. Even then, I don't see the type of stimulus that economists are calling for anytime soon. Maybe (hopefully) I'll be proven wrong, but I just don't see anything major happening anytime soon.
What do you think? Am I just being overly pessimistic or do you also think that the likelihood of a new round of stimulus checks anytime soon is pretty low?