Please disable your adblock and script blockers to view this page

What's the status of a second $1,200 stimulus check?


Watch CBSN Live
Congress
Treasury
CNBC
Senate
the Paycheck Protection Program
House
the White House
Mnuchin
the Coronavirus Aid
Relief and Economic Security
Oxford Economics
Replenishing the Paycheck Protection Program
Goldman Sachs
priority."After
Height Securities
Trump
the Center on Budget and Policy Priorities
Health and Economic Recovery Omnibus Emergency Solutions) Act
Relief and Economic Security Act
the Economic Policy Institute
LWA
CBS Interactive Inc.
ICE Data Services
FactSet
The Associated Press.


Aimee Picchi
Donald Trump
Steven Mnuchin
election.""We're
Mitch McConnell
Nancy Pelosi
Gregory Daco
Alec Phillips
Height
Covid


Americans
Republicans
Democrats

No matching tags

No matching tags


U.S.

No matching tags

Positivity     38.00%   
   Negativity   62.00%
The New York Times
SOURCE: https://www.cbsnews.com/news/second-stimulus-check-status-2020-10-19/
Write a review: CBS News
Summary

Go big or go home!!!That's a reversal from Mr. Trump's position earlier this month, when he pushed for a more limited series of individual measures: stimulus checks, $25 billion in aid for airlines and $135 billion in fresh loans for small businesses. McConnell said in a statement that the proposal, which carries a price tag of more than $500 billion, would provide funds to expand unemployment benefits, another round of the Paycheck Protection Program, financial aid to schools and funding for testing and tracing. On Thursday, Mnuchin said the administration's priority is to use $300 billion left from the Coronavirus Aid, Relief and Economic Security, or CARES, Act to fund the Paycheck Protection Program with $130 billion, as well as to provide aid to the ailing airline industry.Economists warn that failing to inject another dose of fiscal stimulus could stall the recovery, given the ongoing pandemic and economic headwinds. After the virus erupted in the U.S. this spring, the Coronavirus Aid, Relief and Economic Security Act had distributed some 160 million checks to Americans, offering cash payments of $1,200 for individuals and $2,400 for married couples, up to some income limits.A boost of $1,200 per adult would certainly help alleviate financial stress, yet that one-time payment would only go so far — a month's rent, for instance, or help with groceries and other bills.

As said here by Aimee Picchi