SECOND STIMULUS PACKAGE IN THE WORKS BY 20 JULY
(As reported) Recently President Donald Trump said that a “very generous”second round of stimulus checksmay be on the way pointing to the unemployment rate dropping to 11.1% as the economy added a record 4.8 million jobs in June.When asked how much money would be sent, Trump said “you’ll find out about it.” According to Senate Majority Leader Mitch McConnell, they will consider a new stimulus package on 20 Julywhen the Senate and the House of Representatives return to work from the 17-day recess for 4 July. McConnell also accused the Democrats of causing a “political theater.”
“This political theater is the opposite of the serious Senate approach that built the CARES Act. Any further recovery efforts should focus intently on three things: Kids, Jobs and healthcare. Partisan theater and politicized wish-lists are not what our country needs,” McConnell added.
In late March, President Trump signed a stimulus package into law that included one-time payments of up to $1,200 for eligible Americans. As the weeks have turned into months since the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed, many Americans are wondering if, and when, a second check or prepaid debit card will arrive as the pandemic continues.