The second stimulus check, ‘similar’ to the first, will be in the next coronavirus relief package, says Mnuchin

Treasury Secretary Steve Mnuchin said Wednesday that Democrats and Republicans have agreed that a second round of stimulus investigations will be included in the next coronovirus relief bill.

While Mnuchin did not reveal specific details surrounding the check, a Trump administration official told Fox Business host Lou Dobbs that direct payments for the first round provided by the Coronovirus Assistance, Relief and Economic Security (CARES) Act ” Same “.

But as the deadlock persists for months in October, it is still unclear whether legislators in Congress will negotiate the deal or any other bill will ever be passed.

As Americans are growing impatient, the two sides of the epidemic blame each other for their failure to pass another necessary stimulus package amid the epidemic. Democrats have criticized the GOP for refusing to provide sufficient funding, and Republicans have accused Democrats of using the COVID crisis to advance their political agenda.

Newsweek offers membership>

Treasury Secretary Steve Mnuchin at a Senate Committee hearing in Washington DC on September 24, 2020.
Tony L. Sandis-Pool / Getty

Newsweek Reach out to the Treasury Department for additional information.

The $ 2 trillion CARES Act came into force in late March, providing more than $ 200 billion in direct payments to more than 130 million Americans. Under the law, individuals earning less than $ 75,000 annually were eligible to receive $ 1,200 and married couples with a combined income of less than $ 150,000 were eligible to receive $ 2,400. An additional $ 500 was provided to 17-year-old dependents.

House Speaker Nancy Pelosi delayed the plan to vote on a $ 2.2 trillion stimulus package on Wednesday evening, until she resumed negotiations with Mnuchin some time later. The Democratic aide reported that Democrats hoped the decision would “give more room for dialogue.” Newsweek.

Newsweek offers membership>

The HEROES Act 2.0, unveiled by Democrats this week, is a trim-down version of the $ 3.6 trillion HEROES Act passed by the House in May. At the time, Republicans blocked the law, calling it a “wish list” because of its high price tag. The new version includes a second round of $ 1,200 incentive checks, a $ 600 weekly federal supplement for unemployment insurance, and $ 436 billion in aid for state and local governments.

But most Senate leaders Mitch McConnell has already indicated that his party’s jurists will not allow the bill to pass. Republicans, who want much smaller packages, recently proposed a $ 500 billion package, half the amount in the previous $ 1 trillion GOP-proposed HEALS Act. “We’re very, very far away,” McConnell said. “[$2.2 trillion] is too high.”

“Thought the Senate Republican would jump to $ 2.2 trillion.

Leave a Reply

Your email address will not be published.