Second stimulus bill could be agreed on THIS WEEK and $1,200 checks ‘could be sent in just six days’

Second stimulus bill could be agreed on THIS WEEK and $1,200 checks ‘could be sent in just six days’

August 11, 2020

A SECOND stimulus bill could be agreed on THIS WEEK and $1,200 checks ‘could be sent in just six days’.

Members of Congress are still working to hash out the details of another coronavirus package, after President Trump signed an executive order over the weekend extending unemployment benefits.

The White House on Friday rejected a $2trillion proposal from Democrats.

Treasury Secretary Steven Mnuchin said that a deal could be made this week, with checks sent out soon after.

"The president is determined to spend what we need to spend. … We’re prepared to put more money on the table,” Mnuchin told CNBC on Monday, indicating the White House is open to resuming negotiations with Democrats.

He added: "Again, if we can get a fair deal we’re willing to do it this week."

Once an agreement is made, stimulus checks could begin rolling out almost immediately after.

Mnuchin previously said once a deal is reached– and then signed into action by President Trump – he could begin printing checks.

If lawmakers make a deal by the end of this week, checks could potentially begin rolling out in as little as six days.

Checks would likely be $1,200, like the first round from the CARES Act.

Details – including how much money could be given for children – has yet to be agreed upon, however.

After a $2trillion coronavirus proposal package from Democrats was rejected by the White House on Friday, Trump signed an executive order for unemployment benefits.

The order gives a $400 bump a week to Americans – down from the previous $600 per week that ran out at the end of July.

Trump on Monday slammed Democrats over a delayed stimulus bill, claiming Speaker of the House Nancy Pelosi and Senate Minority Leader Chuck Schumer want to "make a deal."

Democrats,however, denied reaching out to the president.

Speaking during a session between senators, Schumer and Senate Majority Leader Mitch McConnell on Monday each slammed the respective party's side, alleging they are the cause for another package being held up.

"Clearly this isn’t about COVID. Democrats think they smell an opening they’ve wanted for years to make Uncle Sam bail out decades of mismanagement and broken policies in places like New York, New Jersey, and California," McConnell claimed.

Schumer hit back at the Republican's claims.

"He sees everything through a political lens," Schumer claimed of McConnell.

"But we Democrats are looking at the needs of the people, and they’re large."

Democrats passed the $3.4trillion HEROES Act in the House in May.

Republicans in late July revealed their own $1trillion plan.

The two sides have been working back and forth to try and negotiate an agreement, as coronavirus cases surpassed 5million in America.

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