3 stimulus plans Congress is debating that could put extra money in your bank account

  • Congress is expected to debate a Phase 4 stimulus package next month.
  • Many economists say additional measures are needed to keep unemployed people afloat, as unemployment remains double-digit.
  • Three plans under consideration are stimulus checks, additional unemployment payments, and hiring bonuses.
  • Visit the Business Insider home page for more stories.

Congress is expected to debate another financial aid package next month, and lawmakers are beginning to present their ideas on what direction it should take.

So far, Congress and President Donald Trump have approved more than $ 3 billion in emergency spending to deal with the coronavirus pandemic and manage its economic consequences. Most of that came in March from the CARES Act, a $ 2 billion aid package that pumped cash to all corners of the American economy.

For people, it had two pillars: a wave of one-time $ 1,200 stimulus checks and a $ 600 federal boost to weekly unemployment payments that underpinned people’s finances during an economic collapse.

Now Congress is looking at three measures that could provide financial relief and add additional cash to people’s bank accounts. Here are all the details.

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