New Stimulus Package Before Christmas

The 900 billion package includes 600 per person cash payments half of what people received in the spring.

New stimulus package before christmas. The new bipartisan. A recent franklin templeton gallup survey found 16 of americans planned to spend more on. If democrats and republicans have a breakthrough and approve a bill before congress thanksgiving break americans could receive their stimulus checks by late december in time for christmas.

The 600 checks will only go out to. Following the presidential election house speaker nancy pelosi and senate majority leader mitch mcconnell have both stated that a second stimulus package is necessary before the end of the year. Senate democrats meanwhile blocked a republican crafted package in october.

Consumer spending could take a hit. If a stimulus deal isn t reached before the christmas break it ll be up to the new congress to act on it and that s unlikely to happen before the january 5 georgia senate runoff elections. And the impact of not having a stimulus check before christmas.

Negotiations on a second major package have dragged on with few signs of an ultimate compromise. Here president donald trump s name. Mitch mcconnell getty images congressional leaders on monday released the text of a 5 593 page covid 19 stimulus package hours before a midnight government funding deadline.

A week before taking office president joe biden teed up a 1 9 trillion stimulus package proposal that includes another direct payment for up to 1 400 per person.