[youtube https://www.youtube.com/watch?v=hAJuN4yNaGM?feature=oembed&w=500&h=281]
President Donald Trump is demanding lawmakers raise the second round of stimulus checks to $2,000 per person, from $600. Tom Friedman, New York Times foreign affairs columnist, joined “Squawk Box” on Wednesday to discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Donald Trump is demanding lawmakers raise the second round of stimulus checks to $2,000 per person, from $600.
“I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000, or $4,000 for a couple,” Trump said in a video posted to Twitter Tuesday night.
While the president did not outright threaten a veto of the $900 billion Covid relief bill, he did call it an unsuitable “disgrace.”
But if you are one of the people eligible for a stimulus check, don’t get your hopes up. The legislation passed both houses of Congress with veto-proof majorities, meaning that Trump is powerless to raise direct payments from $600.
Still, the top Democrats in Congress, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer, said they would support getting bigger checks to people.
“Democrats are ready to bring this to the Floor this week by unanimous consent. Let’s do it!” Pelosi tweeted.
A senior Democratic aide told CNBC that House Democrats will attempt to pass a standalone bill for $2,000 direct payments on Thursday, though it is unclear whether this would pass a Republican-led Senate, or even receive the unanimous consent necessary in the House.
Lawmakers calling for a vote on this standalone measure have not specified whether this would be in addition to the $600 second stimulus check, or would instead replace it.
For now, here is what we know about the stimulus money that is currently guaranteed in the new relief package.
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