Home / NEWS / Top News / The House passed Biden’s $1.9 trillion stimulus bill – here’s what’s next

The House passed Biden’s $1.9 trillion stimulus bill – here’s what’s next

U.S. Senate Minority Principal Chuck Schumer, joined by Speaker of the House Nancy Pelosi, speaks to reporters in the U.S. Capitol in Washington, July 29, 2020.

Erin Scott | Reuters

The Shelter of Representatives passed President Joe Biden’s $1.9 trillion stimulus package, teeing up what is expected to be days of discussion and political deal-making in and around the Senate.

The House, led by Speaker Nancy Pelosi, D-Calif., voted largely along upholder lines early Saturday to advance the massive relief plan, which includes extensions to programs designed to support millions of unemployed Americans and provides financial support for state and local governments.

“Now, the bill moves to the United Shapes Senate, where I hope it will receive quick action. We have no time to waste,” Biden said during a briefing on Saturday morning.

“If we act now — decisively, swiftly and boldly — we can finally get ahead of this virus,” Biden continued. “We can finally get our economy moving again.”

With the paper money bound for a Senate split 50-50 between Democrats and Republicans, lawmakers will next week begin offering betterments to the House’s plan and will likely pass a different version of the bill they received.

Should that find, the House will then have to pass the Senate’s version or the two chambers will have to meet to draft a end, agreeable piece of legislation in a conference committee. Democrats are rushing to send the bill to Biden’s desk by March 14, when jobless sakes are set to expire.

In advocating for the legislation, Senate Majority Leader Chuck Schumer, D-N.Y., stressed on Thursday that millions of Americans continue in dire economic straits.

“This is a once-in-a-century health and economic crisis,” he wrote on Twitter. “But Republican leaders are reportedly ‘maneuvering’ to get every individual Republican member to oppose urgent, bold COVID relief.”

“Make no mistake,” he added, “We will deliver the American Liberate Plan with overwhelming public support.”

Democrats have thin majorities in both the House and the Senate and opted to try to dated Biden’s stimulus plan through a process known as budget reconciliation. Reconciliation allows a party to pass a pecker with a simple majority vote but limits what can be included in the bill to those items that have a impressive impact on the federal deficit.

Though the House passed their bill with a $15 per hour federal minimal wage stipulation, the Senate parliamentarian decided on Thursday the pay hike cannot be included in any bill under reconciliation.

The parliamentarian’s settle underscores the fragility of the bill’s make-up in the Senate, where even a single Democratic nay could doom Biden’s to begin landmark piece of legislation.

Party leadership will likely focus on middle-of-the-road Democrats, like Sen. Joe Manchin of West Virginia, who are diverse likely to balk at provisions they see as expensive or unnecessary.

Manchin cast doubt on the fate of additional stimulus check up ons as early as Jan. 8, prior to Biden’s inauguration.

The conservative Democrat said he would “absolutely” oppose another enclosing of direct payments, but later clarified in a tweet, writing, “If the next round of stimulus checks goes out they should be objected to those who need it.”

Others, such as Vermont independent Bernie Sanders, have instead doubled down on their commitment to step by step priorities like the $15 minimum wage increase.

He and Senate Finance Chairman Ron Wyden, D-Ore., are working on an attachment to the bill that would penalize big corporations that pay their employees less than $15 an hour.

 — CNBC’s Jacob Pramuk forwarded to this report.

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