It’s been months since most Americans received a check as part of a sweeping stimulus measure designed to bolster the economy amid the coronavirus pandemic.
And, despite pledges from both sides that another round of payments is likely coming, there has been little to no progress on the political front. It seems the two sides can’t even agree on the topic of negotiations.
Here’s what we do know: Democrats are pushing for a large stimulus package – possibly as high as $3.4 trillion – while the Trump White House was willing to go as high as $1.9 trillion. Senate Republican leadership went much lower – around $500 billion for a “targeted” approach.
The packages are expected to include help for small businesses, extension of federal unemployment, a comprehensive COVID-19 testing and tracing program and another round of direct stimulus payments to the public. Those payments would likely be similar to the ones that went out in the early days of the coronavirus pandemic: Up to $1,200 for individuals and up to $2,400 for married couples with $500 per dependent.
Another issue? Lawmakers have until Dec. 11 to pass a funding measure in order to avoid a government shutdown. They could opt to combine the two - a coronavirus stimulus package and a funding measure.
Lawmakers are out for Thanksgiving break so you shouldn’t expect to see any progress immediately. After that, we will have to wait and see if a lame duck Congress moves forward with a bill or waits until president-elect Joe Biden takes office in January.
In other words – don’t spend that money quite yet.
Here’s a look at what we know about the second coronavirus check:
Second stimulus check: GOP will move forward with stimulus once Trump exits, Biden says
Second coronavirus check: Biden calls for stimulus bill; Could a check come by the end of 2020?
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November 21, 2020 at 08:20PM
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Second stimulus check: What’s status of another $1,200 payment? - AL.com
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