Trump rejected the coronavirus relief bill passed by Congress two days ago, saying that the bill needed to be amended, and Congress and Trump
were deadlocked.
The White House declined to comment, and Trump appeared to have given up his job and played golf in Florida on Thursday.
Whether Congress and Trump will reach an agreement in the next few days or fall into chaos is still unknown.
The confrontation may have the following results:
The first result is that despite Congress’s refusal to meet Trump’s request for modification, Trump signed the 5,593-page bill.
The second result is that Trump vetoed the bill. This will provide Congress with two choices. First, before the bill expires, Trump’s veto power will be overturned by a two-thirds majority in the House and Senate, and the bill will automatically enter into force.
The second is to maintain Trump’s veto power. Although some Republicans had previously voted in favor of passing the bill, if enough Republicans voted against it, the bill would not pass.
The third result, Trump neither signs nor vetoes within ten working days. This situation is called “pocket veto”.
If Trump doesn’t want the bill to go into effect, the ten-day “pocket veto” will be in his favor, because the results of the new congressional election on January 3 will be released, and this day is also within the 10-day deadline.
If the bill is not officially promulgated before January 3, it will not enter into force.
That means the bailout bill could be delayed until Biden is sworn in on January 20.
With unemployment benefits for more than 14 million people ending on December 26, people who lost their jobs during the pandemic will also be greatly affected.
At the same time, federal government agencies will face a shutdown due to lack of funds on December 29, tens of thousands of government workers will face layoffs, and some projects will be suspended.
Last week, the number of first-time jobless claims in the United States (the number of first-time jobless claims) unexpectedly fell, but the number of unemployed is still high, and many enterprises are facing a new round of layoffs.
According to U.S. economists, even if the coronavirus relief bill enters into force, most of the subsidies granted to the people will become deposits, which will not help stimulate consumption.
The economy needs more government assistance in the second half of the year.
