Rossen Reports: The $1.9 trillion stimulus bill passed in the House. But what’s next?
Rossen Reports: The $1.9 trillion stimulus bill passed in the House. But what’s next?
Yeah, we are getting word of a lot of behind the scenes negotiating right now on that $1.9 trillion stimulus bill. It's moving on to the Senate after passing through the House, but the Senate on a deadline? Can they get this bill to the president's desk to sign before unemployment benefits run out in just a couple of weeks here to help us break it all down? We have double the trouble. Our panel of financial experts, All stars, have been following it all. Jean Chatzky is here a personal finance journalist, CEO of her money dot com and Pete Dunn. Peter is the host of the Pizza Planner show and CEO of your money line and tame Money Gene, Let's start with you. The House gave the bill a stamp of approval. Now it moves on to the Senate. Do we have any idea what's going to happen there and timing? Yeah, so the date everyone is watching is March 14th. That's the date that the expanded unemployment benefits and other programs start to run out. So the Biden administration really wants to get this done by then. It is likely in these negotiations that the push for the $15 minimum wage will be dropped, which basically means that the Senate is going to pass a different version of this bill. And then the two chambers will work on a joint bill in committee. But they're still talking about what? Moving the unemployment benefits from 300 to $400 a week. And those $1400 stimulus checks remain in place for now. Yeah, those have not moved. Pete, this one's for you. I want to talk about the eviction moratorium. We've talked about this a lot. Renters and landlords, they need money. You know, the renters can't pay the bills, but then the landlords can't pay their bills. Does this new bill give them any money, the landlords or the renters? Oddly, it does. Which is the best news for this population, Jeff. All along, this has been a huge concern for me. It was January 1st. I thought, people are gonna be out on the street and in big trouble. So here's what this does. It provides $30 billion of assistance for renters and small landlords in a good way. So this will not continue to pit landlords versus renters like the government has done for the last 6 to 8 months. Let me get your predictions, Pete. You first. Do they pass something before March 14th, before everything runs out? Absolutely. And Jean hit the nail on the head. It's because the $15 an hour thing got stripped out, and that's why it's going to get done, Jean. 100%. All right, thank you both for being here. As always, we appreciate it. We're going to keep you updated on this relief bill and everything that has to do with your money right here and online to 24 7. At Rossen reports dot com. You can also sign up for my newsletter There. It's free. Brings your info straight to your inbox. Nice and easy back to you.
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Rossen Reports: The $1.9 trillion stimulus bill passed in the House. But what’s next?
Congress has cleared one hurdle in President Joe Biden's proposed $1.9 trillion stimulus bill, but we're onto the next.It recently passed in the House and awaits a vote in the Senate. How soon could Americans be seeing more money in their pockets?Chief National Consumer Correspondent Jeff Rossen is getting the answers from financial experts Jean Chatzky and Pete Dunn.Watch the video above to learn more about this story.
Congress has cleared one hurdle in President Joe Biden's proposed $1.9 trillion stimulus bill, but we're onto the next.
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It recently passed in the House and awaits a vote in the Senate. How soon could Americans be seeing more money in their pockets?
Chief National Consumer Correspondent Jeff Rossen is getting the answers from financial experts Jean Chatzky and Pete Dunn.
Watch the video above to learn more about this story.