Is a second US stimulus check coming?
Discussions about another round of stimulus checks began shortly after Congress unanimously passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, a relief package that included a provision for stimulus checks. There’s broad support for the measure both on Capitol Hill and among the American public and Democratic Party leadership and the White House even reached an agreement on providing another round of economic impact payments. Follow Spotlife Asia for the latest news and updates?
The payments, according to Treasury Secretary Steve Mnuchin, would have been in the “exact same amount” as the CARES Act, indicating individuals with incomes below $75,000 would receive $1,200. Minor changes would be included to expand eligibility, Mnuchin said, possibly referring to an amendment to provide payments of $500 for all dependents regardless of age.
The Senate failed Thursday to advance a Republican coronavirus stimulus plan, the latest blow to stalled efforts to pass another package to mitigate the pandemic’s damage.
The measure fell short of the 60 votes needed on a procedural step to move toward passage. All Democrats present, and one Republican in Rand Paul of Kentucky, opposed it in a 52-47 vote.
The legislation would have reinstated enhanced federal unemployment insurance at a rate of $300 per week, half of the $600 weekly payment that expired at the end of July. It would have authorized new small business loans and put money toward schools and into Covid-19 testing, treatment and vaccines.
