Rossen Reports: What’s happening with my money?

Lawmakers in DC couldn't agree on passing a new relief bill, so the president signed a few executive actions.

ONPASSING A NEW RELIEF BILL SOTHE PRESIDENTSIGNED A FEW EXECUTIVE ACTIONSBUT IT'S STILLLEAVING YOU WONDERING WHAT'SHAPPENING WITH MY MONEY?OUR CHIEF NATIONAL CONSUMERCORRESPONDENT JEFF ROSSENJOINS US LIVETO BREAK DOWN YOUR QUESTIONS.JEFFA LOT OF OUR VIEWERS ARE WRITINGIN THEY WANT TO KNOW WHAT'SGOING ON WITHUNEMPLOYMENT BENEFITS?

IN THE EXECUTIVE ACTIONS THEPRESIDENTSIGNED OVER THE WEEKENDUNEMPLOYMENT BENEFITS WAS ONETHOSE AREAS.ONE OF THE ACTION PROVIDES ANADDITIONAL $400 A WEEK INENHANCEDUNEMPLOYMENT BENEFITS.

THIS WAS MAJOR STICKING POINT AND ONE OFTHE REASONS WHY TALKS BETWEENTHE TWOPARTIES COLLAPSED.

DEMOCRATSWANTED TOKEEP THE $600-A-WEEK BENEFITFROM THE CARES ACT, WHILEREPUBLICANS WANTED TO LOWER ITTO $200 A WEEK IN THEIR PROPOSEDHEALS ACT.BUT WITH THIS ACTION STATESWILL HAVE TO CHIP IN BY PICKINGUP THE TAB FOR 25% -- OR$100 -- OF THE $400 ADDITIONALBENEFIEACH PERSON MAY BE ABLE TORECEIVE IN AID.BUT HERE'S THE DEAL.STATES ARE ALREADY CASH-STRAPPEDBECAUSE OF THIS PANDEMIC.

MANYSTATEGOVERNMENTS HAVE ASKED THEFEDERALGOVERNMENT FOR FINANCIAL HELPAND ITMIGHT BE DIFFICULT FOR THEM TOAFFORD THIS.RIGHT NOW, CONGRESS HASN'T EVENAUTHORIZED THE EXTENSION OFFEDERALUNEMPLOYMENT ASSISTANCE, SODON'TEXPECT ANYTHING TO HAPPEN SOON.

DOES THIS ALSO MEAN A SECONDROUND OF STIMULUS CHECKS AREN'TCOMINGANYMORTHERE WAS NO MENTION OF A SECONDROUND OFSTIMULUS CHECKS.WE KNOW HE'S SUPPORTIVE OF ASECOND ROUND AND SO WERE BOTHSIDES.

BOTH SIDES AGREED TO SENDOUT ANOTHER 12-HUNDRED CHECK FOR PEOPLE UNDERTHAT$75-THOUSAND DOLLAR A YEARSALARY CAP.AT ONE TIME WE WERE HEARINGTHEY WOULOWER THAT REQUIREMENT BUT ATTHE END OF THE DAY.LAWMAKERS DECIDED TO SEND THEMDOWN TO AMERICANS WITH THE SAMESYSTEM AFTER ALLTHE KINKS HAD BEEN WORKED OUTTHE FIRSTTIME AROUND.BUT NOW THE CHECKS WERE NOTADDRESSED BY THE PRESIDENT.WE'RE HEARING FINANCIAL EXPERTSSAYTHIS WILL HAVE TO COME IN THEFORM OF A RELIEFBILL FROM BOTH SIDES OF THE ISLEIN ORDERTO MAKE IT HAPPEN.

WHERE DO BOTH SIDES STAND ONCOMING BACK TOGETHER TO PASS ABILL?

IS IT EVEN ON THETABLE ANYMORTHERE'S A SLIVER OF OPTIMISMTHERE.WE KNOW BOTH SIDES COULDN'T COMETO ANAGREEMENT LAST WEEK ANDEVERYTHINGCOLLAPSED.TREASURY SECRETARY MNUCHIN SAYSTHEWHITE HOUSE IS OPEN TO RESUMINGTALKS WITHDEMOCRATS.HE SAID SINCE THE DEMOCRATICLEADERSARE WILLING TO COMPROMISE EVENTHOUGH BOTH SIDES WERE SO FARAPARTTHAT FINAL DOLLAR AMOUNT.

THEDEMS WANTED ABOUT $3-TRILLIONTHEREPUBLICANS WANTED $1-TRILLIONBUT NOWMNUCHIN SAYS THEY'RE WILLING TOPUT MOMONEY ON THE TABLE AS WELL.

HEDIDN'T GIVE A TIMELINE FOR WHENTHEY WOULD RESUME DISCUSSIONSBUT WE COULD SEE THEM COME BACKTOGETHER THISWEEK.

JEFF THANK YOU SO MUCH FORBEING HERE.IF YOU WANT TO ASK JEFF AQUESTION ABOUTTHIS PANDEMIC YOU WANT TO SEEMORE OFWHAT HE'S DOING ON OUR AIR ANDOFF.HEAD TO ROSSEN- REPORTS-DOT-COMTOSIGN UP FOR HIS NEWSLETTER.

IT'SALL THE INFORMATION YOU NEEDRIGHT TO YOUR INBOX.

NOW FOR OUR TUESDAY WEATHER