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05-11-2020 15:19 |
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05/11/20
Will there be a second round of coronavirus stimulus checks? Here's what we're hearing
Some in the federal government have started discussing a second round of economic impact payments even as US residents are still receiving their first 2020 stimulus checks.
With the unemployment rate reaching 14.7%, more than 33 million people filing first-time unemployment claims since mid-March, and the country barreling toward a recession that economists predict globally could be the worst since the Great Depression, talk of a second 2020 stimulus check to keep people afloat is already starting in Washington.
The IRS hasn't finished making stimulus payments to millions of Americans for up to $1,200 per person, and already some are wondering if those checks will do enough and if there will be a second coronavirus relief bill. The "economic impact payments" being issued by the IRS via direct deposit to banks and by checks in the mail were introduced as a one-time payment designed to help curb the financial blow caused by the outbreak of COVID-19.
Today, while there is not broad enough support in Congress to pass a second stimulus package for individuals -- which some are calling the "CARES 2 Act" -- a handful of ideas from members of Congress are being discussed and gaining traction. Here's what we know about a second round of stimulus payments in 2020 for individuals.
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https://www.cnet.com/personal-financ...-what-we-know/ |
