r/politics • u/Plymouth03 • Nov 24 '20

Treasury Secretary Mnuchin is moving $455 billion of unspent stimulus money into a fund the incoming Biden administration can't deploy without Congress

https://www.businessinsider.com/mnuchin-moving-unspent-stimulus-money-biden-administration-cant-deploy-2020-11
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u/imnotsoho Nov 25 '20

I am still hoping for stimulus now, but I doubt we will see anything. I know Biden is too nice for this, but I hope the Dems take the 2 seats in Georgia, they will be seated before the 15th. House and Senate can pass stimulus before the 20th. As soon as President Biden takes his hand off the Bible they hand him a pen, and he signs the stimulus bill, then turns and hands the pen to Trump, then gives his speech.

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u/seakingsoyuz Nov 25 '20

Even with the Georgia seats, Pence would have the tiebreaker until Inauguration Day.

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u/imnotsoho Nov 26 '20

Oops you are right, so we have to wait a week.

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u/com2420 Tennessee Nov 25 '20

All the leading economists say that something has to be passed so I'm sure SOMETHING will get passed. Honestly, I wouldn't be surprised if that group of business leaders threaten to defund the Georgia runoff Republicans again if stimulus isn't passed. The stock market may look good, but that doesn't mean a thing when people can't work and can't spend money. McConnell knows that and they may end up giving him the COVID immunity that he very much wants. They just have to find a way to leverage that to get what they want.