House Republicans blocked Democrats’ attempt to meet President Donald Trump’s demand to pay most Americans $2,000 to help weather the coronavirus pandemic.
Republicans objected to the bill House Majority Leader Steny Hoyer sought to pass by unanimous consent Thursday to replace the $600 payments in the latest pandemic relief legislation with the $2,000 payments.
John Dugan led the OCC as U.S. comptroller of the currency from 2005 to 2010. He is currently the lead independent director of Citigroup Inc. He is a former chair of the bank regulatory practice at the law firm Covington & Burling.
Charles Noski has served since 2016 as chairman of the Financial Accounting Foundation, the nonprofit body that appoints, funds and oversees the Financial Accounting Standards Board, and formerly chaired the FASB’s Financial Accounting Standards Advisory Council. Earlier in his career, he was chief financial officer of Bank of America and a member of the board of directors of Morgan Stanley.
Stephanie Donahole is a business analyst at Tatvasoft Australia, a web development company in Australia. Her aim is to sharpen her analytical skills, deepening her data understanding and broaden her business knowledge in these years of her career. She loves to write about technology innovation and emergence. Follow Her on Twitter at @SDonahole.
“House and Senate Democrats have repeatedly fought for bigger checks for the American people, which House and Senate Republicans have repeatedly rejected — first, during our negotiations when they said that they would not go above $600 and now, with this act of callousness on the Floor,” House Speaker Nancy Pelosi said in a statement Thursday.
Democrats will try again with a roll call vote on a new bill Dec. 28, when the House also plans a vote to override Trump’s veto on the National Defense Authorization Act. Since current government spending runs out that day — and funds for the rest of the fiscal year are included in the virus relief bill Trump criticized and hasn’t signed -- the House could also pass another stopgap measure to avert a partial government shutdown.
Republicans on Thursday tried to seek unanimous consent on a measure to examine taxpayer money spent on foreign aid, but Democrats blocked that move. In his complaint Tuesday about Congress’s combined virus aid and government spending bill, Trump criticized federal resources spent on international programs, even though that spending was allocated as part of the bipartisan appropriations process.