America is struggling to Corona-aid: We obviously have no common values

this Friday from official business, the additional unemployment assistance of $ 600 a week, many Americans get for months as a compensation for loss of income i

America is struggling to Corona-aid: We obviously have no common values

this Friday from official business, the additional unemployment assistance of $ 600 a week, many Americans get for months as a compensation for loss of income in the midst of the Corona-crisis. In the face of high unemployment and rising infection numbers, is working on a new aid package, but the two major parties apart in their ideas widely.

Roland Lindner

economic correspondent in New York.

F. A. Z. Twitter

It remains questionable, whether it comes in this week to reach an agreement. The Republicans in the Senate have introduced on Monday, a Corona program, which includes a trillion dollars from the Democrats, but is rejected. A Meeting of the Minister of Finance, Steven Mnuchin, and Mark Meadows, of the chief of staff in the White house, with representatives from the Democrats passed without result. Nancy Pelosi, the speaker of the house of representatives, where the Democrats hold a majority and the consent for short-term assistance is needed, said afterward: "We obviously have no common values." It will, however, still trying to find a solution.

The American government has pumped in the course of the Corona-crisis to $ 3 trillion in the economy. The Democrats are now calling for an aid package to a similar extent, i.e. far more than the Republicans to propose it now. One of the largest sticking points, the unemployment aid.

Huge differences

the Republicans have argued that the current payments were so generous that some Americans have more money than before and, accordingly, no incentive would have to return to work. The $ 600 from the Federal government to come in addition to the unemployed help of the individual Federal States, which generally covers approximately 45 per cent of the previous income. The Republicans want to reduce the payments now, first of all, 200 dollars, and in the coming months, develop a System, according to which the total assistance from the Federal government and Federal States reach 70 percent of the former income.

Updated Date: 28 July 2020, 13:19

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