The Next Stimulus Bill Explained

Timeline for the 2 000 stimulus checks.

The next stimulus bill explained. With a lot of information going around what exactly is. The bill which according to the post contains aid to millions of struggling households through stimulus checks enhanced federal unemployment benefits and money for small businesses schools. Last week speaker nancy pelosi said the house would be ready to vote on the bill by the first week of february.

President elect biden calls the 900 billion stimulus package a down payment for a bigger stimulus program during his presidency. President joe biden is already confronting political and logistical hurdles to his 1 9 trillion stimulus plan. This amount would be added to the second stimulus payment of 600 per individual authorized in late december for a maximum total of 2 000 for most americans.

The stimulus bill was designed as a bipartisan relief package to support the united states of america in light of the covid 19 pandemic. 1 benefits will be. The stimulus bill and direct payments are part of a larger 2 3 trillion spending package with only 908 billion of the package going to costs related to relieving the pandemic s economic fallout.

The new round of coronavirus relief might not get a vote until mid march when the 300 weekly unemployment benefit expires punchbowl news reported. The first round of direct payments. The plan would supplement the 600 stimulus payments sent out as part of the consolidated appropriations act 2021 with additional checks of 1 400 bringing the recent total to the 2 000 desired.

The 900 billion stimulus bill signed by president donald trump on sunday allocates 13 billion for the supplemental nutrition assistance program or snap.