Update On Second Stimulus Package Deal

Every adult with a 2019 adjusted gross income less than 75 000 should receive 600.

Update on second stimulus package deal. The president has delegated the task of negotiating a second stimulus package to treasury secretary steven mnuchin and white house chief of staff mark meadows who don t seem to see eye to eye. Congressional leaders on sunday reached a deal on a 900 billion covid 19 economic relief package that includes 600 direct payments to americans and 300 in enhanced unemployment for the next 10. The stimulus package includes another round of stimulus checks.

Deal reached on covid economic relief cbs detroit congress finally reached a deal on a second stimulus package sunday worth approximately 900 billion. The bill would instate a 300 weekly federal unemployment benefit increase aid to small businesses. The package sends direct stimulus payments of 600 to individuals half the amount provided in the first round of checks which went out in the spring.

That amount declines by five dollars for every 100 a recipient earned over 75 000. Senate majority leader mitch mcconnell has signaled he backs another stimulus package noting in a november 4 press conference that he would like an aid deal passed before year end. President trump on sunday night signed an economic relief package that will provide a round of 600 stimulus payments to most americans and partly restore the enhanced federal unemployment benefit.

15 since the 900 billion stimulus bill that includes the second stimulus check won t be altered the irs and us treasury will continue to. Eligible families will receive an additional. Those who earned more than 87 000 will not receive anything for themselves.

A bipartisan group of senators introduced a 908 billion covid stimulus proposal on tuesday.