Second Stimulus Package Latest News

The 600 checks will only go out to.

Second stimulus package latest news. If democrats don t succeed in. 28 2020 a bill that would have amended the dec. A second round of stimulus checks may soon land in the bank accounts of millions of americans after president donald trump signed a 900 billion economic relief package on december 27.

House speaker nancy pelosi and treasury secretary steven mnuchin were negotiating a stimulus package in the neighborhood of 2 trillion in the runup to the election. Every adult with a 2019 adjusted gross income less than 75 000 should receive 600. The stimulus package includes another round of stimulus checks.

Under the cares act a 2 2tn relief bill passed in march stimulus checks of up to 1 200 were paid out to those eligible in addition to credits of 500 each for dependents aged 16 and below. President trump says that s not enough. 2020 stimulus package signed by former president donald trump to bump the 600 upper limit of the second.

Text of the new 900 billion stimulus bill the measure is the second largest federal stimulus package after the 2 trillion cares act that congress approved in march. The chamber passed the cash act on dec. While the package provides far more money for k 12 schools than the first stimulus bill in march the funds still fall short of what both sectors say they need to blunt the effect of the pandemic.

The second round of checks will have the same type of income phaseouts as in the cares act with the stimulus check payments reduced for earnings above 75 000 per single person or 150 000 per. The 900 billion package includes 600 per person cash payments half of what people received in the spring.