Thread by @amlivemon

HEROES ACT 2.0 STIMULUS SEPT 30th UPDATE
 
Beginning of last week, the prospects of a stimulus deal were all but zero, however, as the political winds in the Beltway began to shift, our speculation of a new effort to pass legislation addressing PPP, unemployment benefits and

https://twitter.com/amlivemon/status/1311387325927129090

targeted recovery efforts started to gain traction and became a reality mid-week.
 
Pelosi and Mnuchin had started discussions on a bipartisan bill as early as last weekend, which prompted Pelosi’s staff to dust off a messaging bill labeled Heroes Act 2.0. This bill was meant

purely to address political talking points for her constituents during the election cycle. It was in no way intended, nor expected, to pass the Senate with GOP opposition to multiple points.
 
Mnuchin today will likely introduce a counter offer of $1.5 trillion which is a direct

copy of the House Problem Solvers Caucus effort in an attempt to pressure Nancy Pelosi facing a Discharge Petition threat by at a minimum of 34 of her own party members.
 
Mnuchin, although in the lead role here, is actually negotiating along with Meadows and McConnell on a bill.

that both the House and Senate can adopt as mounting worker layoffs, market turbulence and election realities mount. There is a chance that Pelosi brings the Heroes Act 2.0 to the house floor purely for optics, knowing full well that it will get zero GOP votes.

However, the real work is now underway and a stimulus resolution will either happen late this week or early next week