Chatter continues about the prospects of a second wave of COVID-19 relief for Americans following President Donald Trump's remarks about a new stimulus.
In addition to the almost 160 million stimulus checks distributed to Americans under the CARES ACT, Trump told reporters in June that he is working on providing more aid.
To help answer your questions about the topic on many Americans' minds, there are two critical dates that represent important moments in the congressional schedule that may play a huge role in passing any further stimulus legislation.
Congress and the Senate have been on summer break since the July 4 weekend and will reconvene on July 20. According to McConnell, any negotiations about a second stimulus relief bill won’t begin prior to the July 20 return, which Forbes reports gives Democrats a small window to finalize a proposal prior to the expiration of the $600 weekly federal unemployment bonus ending on July 31.
Since the House and Senate will embark on another month-long recess on August 7, this is the last possible date for a relief bill to be passed, reports Forbes. The momentum is at an all time high as the public wants it, Democrats are eager to get more money to those who need it, but the Republican-controlled Senate is worried about the costs. If no bill is passed by on or by August 7, it will be held off until Congress reconvenes on September 8.
While Trump didn’t specify the amount that Americans can expect, he added that the relief bill would be “very generous.”
A White House official told NBC that another round of payments to the American people is “part of something the economic team is studying," but informed "no decisions" had been made.
Treasury Secretary Steven Mnuchin indicated discussions about a second wave of payments are happening. "We want to take our time and make sure we’re thoughtful. So whatever we do it’ll be much more targeted, much more focused on jobs, bringing back jobs and making sure we take care of our kids," he said.
However, the House-passed HEROES Act faced opposition from Senate Republicans and Senate Majority Leader Mitch McConnell.
Without a unified verdict, it’s hard to keep track of where things stand or whether or not you’ll receive more money to help you with necessities, lingering bills, and expenses brought out by the pandemic.