With a stalled US economy and states again shuttering businesses because of surging coronavirus infection rates, Congress is poised to act on a second stimulus package this month. Congress will set a scehedule for when exactly a new economic impact payment would go out this year, along with who would qualify for a second stimulus check and how much you might get. But it won't be settled until the Senate returns to work next week and begins to hammer out a bill.
There's little question that 2020 has tested the resolve of Americans more so than any year before it. The coronavirus disease 2019 (COVID-19) pandemic has exacted an incredible physical and financial toll, with nearly 135,000 Americans dead, as of Saturday, July 11, and more than 20 million pushed out of the labor force.
If a second stimulus payment is approved by the House and Senate, would you be eligible for one? That's the current debate about who would qualify and why you keep hearing about $40,000.
Maybe the IRS tried to send your stimulus check as a direct deposit to a closed bank account. Or perhaps the agency sent your payment to an old mailing address. It's possible you accidentally threw away the letter with your economic impact payment check or debit card. We know a handful of possible reasons why you haven't received your economic impact payment yet.
White House economic adviser Larry Kudlow said on Monday he could "conclusively" confirm a phase 4 coronavirus relief package is on its way as many Americans' financial futures remain uncertain because of coronavirus.
Two prominent economists on Thursday pressed Congress to draft another coronavirus relief measure that is sizable and with benefits that don’t end until the economy is on solid ground. Mark Zandi, chief economist at Moody’s Analytics, said a $1.5 trillion package was the minimum size needed for the next round of fiscal stimulus, but later said he would make the measure significantly larger if he were “king for the day.”
156 economists from dozens of the nation’s leading universities wrote an open letter to policymakers urging them to “use all the tools at their disposal to avoid further preventable harm to people and the economy, including recurring direct stimulus payments, lasting until the economy recovers.”
The White House and congressional Republicans are exploring whether to restrict the number of Americans receiving the next round of stimulus payments, as conservative lawmakers face internal pressure to limit the size of the next relief package.
Second stimulus checks could be sent as early as August.
If Congress agrees to send another economic stimulus payment to you -- and there's no guarantee -- this is what we're hearing about how much money might actually arrive.
President Donald Trump indicated Monday he's open to a second round of stimulus payments as the U.S. economy continues to reel from the coronavirus pandemic.
The US economy is reopening gradually but America's joblessness crisis continues to roar on.
Americans who have been laid off from their jobs because of the coronavirus pandemic have been able to collect an additional $600 a week in unemployment benefits on top of what they get from their state. That extra relief was part of the $2.2 trillion stimulus package known as the CARES Act.
Treasury Secretary Steven Mnuchin on Wednesday signaled the Trump administration could be open to providing another round of stimulus checks to Americans, as he spoke at a Senate hearing about what may go in Washington’s next coronavirus aid package.
Some nursing homes had grabbed the government payments to defray the costs of caring for residents on Medicaid.
Could the IRS have mailed your payment to the wrong address or deposited it to the wrong bank account? We have some information that could help.
Washington continues to debate whether a second stimulus check could get distributed. This is where the discussion stands today about another round of relief payments and unemployment benefits.
Washington — The next relief package aimed at responding to the coronavirus pandemic likely won't be passed by the Senate until at least mid-July, Senator John Thune, the second highest-ranking Republican in the upper chamber, said Monday.
Make sure you're fulfilling your obligations to the IRS.
The Trump administration opposes a Democratic proposal to extend a $600 per week federal unemployment benefit approved in response to the coronavirus pandemic, Labor Secretary Eugene Scalia said Tuesday. The $600 payment, which is in addition to normal unemployment benefits, "was the right thing to do,'' Scalia said, but is no longer needed as the economy begins to recover.