Senate Majority Leader Mitch McConnell on Wednesday closed off chances that the Senate would pass anytime soon a House bill that would give most Americans $2,000 stimulus payments.
The Kentucky Republican said the House legislation, approved in a bipartisan vote Monday, “has no realistic path” to quick passage in the Senate and that it falls short of the demands of President Donald Trump. He again blocked an attempt by Democratic leader Chuck Schumer to adopt the House bill to increase the payments to $2,000 from the $600 by unanimous consent.
Brien Joyce is vice president of lender services at EFG Companies.
Hermann Sidhu is EY’s global assurance digital leader. He is responsible for utilizing game-changing technologies and practices to drive large-scale connectivity and digital innovation across the global audit practice. Sidhu is leading a team focused on creating more specialized, detailed and differentiated audit services by incorporating AI, robotic process automation and analytics. Prior to relocating to Dublin in 2011, Sidhu spent most of his career working in the United States and Japan where he served large listed multinationals to emerging companies within the technology and telco sectors. Currently, in Ireland Hermann serves the Irish and EMEA operations of some of EY's largest Global Fortune 100 clients as well as advising domestic clients on successful IPOs and M&A transactions. Sidhu is a licensed CPA in the state of Florida, USA. He graduated from the University of Florida with both a bachelor of Finance and Accounting degree and a Masters in Accounting.
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Persico joined EY in 1986 and has served in a wide range of roles in both Europe and the US, including assurance leader for EMEIA, assurance COO for EMEIA, assurance leader for Italy and the former continental western Europe area and sector leader for technology and communication. In addition to auditing, he has experience of transaction support, IPOs, IFRS conversion and SEC filings. He still serves as the global client service partner for several Global Fortune 500 companies.
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Felice has a master's degree in business economics from the University of Turin School of Business, where he has also been a professor of accounting and auditing. He is qualified and active as a U.S. CPA and as an Italian Chartered Accountant (Dottore Commercialista and Revisore Contabile).
The Senate instead will work on combining the stimulus payments with measures on election integrity and rolling back social media liability protections, he said. That responds to all three issues Trump has said he wants, but a bill combining them likely will alienate enough senators in both parties to leave prospects for bigger stimulus payments dead in the Senate.

“The Senate is not going to be bullied into rushing out more borrowed money into the hands of the Democrats’ rich friends who don’t need the help,” McConnell said. The House bill would raise the income cutoff to receive a payment.
The clash over the payments also is entangling another piece of year-end business in the Senate — a vote to override Trump’s veto of a crucial $740.5 billion defense policy bill. Senators Bernie Sanders and Ed Markey said they will continue to delay the defense legislation vote unless McConnell relents and allows a vote on a standalone bill on the bigger stimulus checks.
“We are saying to Mitch McConnell, to allow the United States Senate to do what it’s supposed to do, and that is the vote,” Sanders told reporters. “The House passed the bill, it’s over here right now. Do you want to vote against it? Then vote against it.”
Pennsylvania Republican Senator Pat Toomey later blocked an attempt by Sanders to call up the House bill for a roll call vote.


