As a large swath of the nation remains out of work, and with a stagnation in our economy becoming the new norm thanks to the coronavirus crisis, the federal government is looking at ways to keep the economy afloat.
This means that more stimulus is likely on its way, given that a number of the benefits previously being doled out to Americans are set to expire at week’s end.
During the first round of assistance, a vast majority of Americans received a check for $1,200, directly from the government. For round two, President Trump has indicated that he would like to see that amount increase dramatically.
“It may go higher than that actually,” Trump during an interview Wednesday with ABC affiliate KMID in Texas. “I’d like to see it be very high because I love the people. I want the people to get it.”
Trump did not say how much money he’s envisioning for the second round of stimulus checks.
But there’s no telling when those checks could come.
Congress and the White House kickstarted negotiations this week after Senate Republicans unveiled the HEALS Act, estimated to cost about $1 trillion. But Trump told reporters earlier in the day the two sides are “so far apart” on what they think needs to be included in the fifth round of emergency aid. His priorities for those relief measures, he said, are an eviction moratorium and direct payments.
For the sake of the American people, we can only hope that Congress can act quickly and decisively.
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