During this period, the pandemic and the resulting economic downturn are expected to worsen. An appropriate new stimulus cycle will be even more important. Right now, there`s so much we know about a second stimulus check that we don`t – and that`s assuming Congress passes a new stimulus package with another direct payment. Given that negotiations on the next COVID-19 aid package resume in the final sprint 2020, we can still predict many things, including who could get the next stimulation check, how this could earn you more money than the first payment and what qualifications might change. With respect to the second payment, Trump admitted that he was interested in a “larger amount.” “I like the largest amount, I said. Some Republicans don`t agree, but I think I can convince them to support him because I like the largest number. I want people to receive money. Something like that… We`re getting closer. Barack Obama entered the White House during a recession, quickly put in place a major stimulus package, and then spent the next few years realizing that he wasn`t big enough. Joe Biden is determined not to have the same regret if he wins.t.co/3Gvk78yPsr You still have a few weeks to claim a stimulation check this year.
Discussions on the package are expected to continue this week, CNET said. The Senate returns from the break on Monday. The house will follow on November 16. This is likely to include extending additional unemployment benefits, setting up stimulus funds for small businesses, and implementing a coronavirus screening and traceability program. Democrat Nancy Pelosi believes a bill can still be passed before the end of September: “I`m optimistic. I think we should reach an agreement. That`s what we all want. In an interview with reporters about the day his Democratic Party passed its HEROES Act bill in the House of Representatives, Pelosi said, “The needs have only increased since May 15, four months ago, and refers to the day Democrats passed their own $3.4 trillion extended package.” The need for small businesses, restaurants, transportation and the rest. She also quickly swung a question about whether “moderate” Democrats are pushing for closer aid, and told reporters, “They`re not telling me.” So if they agree on a package today, it`s unlikely that people will have any money before the election. Of course, we`ve seen each other closely before. In the months following the first round of payment in March, it did not seem obvious that a new round would be agreed and sent in the meantime.
But Republicans and Democrats found themselves deadlocked in negotiations on a deal in August, and lasted until the end of October. It is therefore quite possible that an agreement will not be reached at all. The parties agree that Americans need a second round of stimulus packages as the country continues to try to get through the coronavirus pandemic, but they can`t find a way to reach an agreement with Democrats who would have included a $2.2 trillion aid plan and Republicans with a $1.8 trillion deal. Biden sketched out his own plan during his election campaign. It contains more direct payments, but the amounts are not clear. Trump also insisted on additional payments, but accused Democrats of delaying the measure until after the election. Will the congress be big with the next economic recovery plan and will it include a second economic balance sheet? What could President-elect Joe Biden do if a stimulus package did not pass until he took office in Jan?