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Congress approves stimulus package with a second check for $ 600, $ 300 weekly unemployment pay



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The stimulus package includes funding intended to move the US forward in the coming months, including a smaller second stimulus check

Sarah Tew / CNET

The new stimulus package worth $ 900 billion in COVID-19 emergency relief passed both chambers of Congress on Monday, putting the bill one step away from law. All that remains is President Donald Trump’s signature. The final content of the stimulus bill arrived just hours before the vote, officially pledged to one second stimulus control of maximum $ 600 per qualified adult and an additional $ 600 each dependent. It also renews $ 300 in federal weekly unemployment insurance for 11 weeks.

A major win for proponents of the bipartisan package, the new incentive law includes one second stimulus control and unemployment controls intended to bring direct cash flow to tens of millions of Americans. (You can now calculate your second stimulus check total. Here is how quickly the IRS can send a second check and which payment group you may be in.)

“We’re putting this bill today as a first step,” home speaker Nancy Pelosi said in a statement Monday. “We have new hope, coming from the vaccine and from the commitment Elected president [Joe] Biden science must follow. We are ready for the next step. “

The coronavirus relief package is set to at least partially refresh critically expiring federal benefits at a time when the nation is seeing rising infections, hospitalizations and “gruesome” deaths from COVID-19. Without federal action, tens of millions unemployed Americans would be without income and millions of households would be evicted.

Along with the text of the bill, more details emerged about the second stimulus control, including new limits on the number of people eligible to receive it. While the formula remains the same for determining the total amount a household could receive, the numbers aim to exclude more families from a subsequent round of stimulus check money.

A broader economic bailout, like the $ 2.2 trillion CARES Act of March, will likely return to the table in early 2021, top U.S. leaders have suggested. It’s too early to say if that sweeping package would do that including a third $ 600 or $ 1,200 stimulus check.

read more: Would you like a third incentive invoice? America’s next convention could be key

How soon can the aid of a stimulus package come out?

The aid was likely to start to release in a week or two, with certain funding programs potentially getting financial aid before the end of 2020.

This is what we know how soon we think the IRS can send a second stimulus check. These are the details for that weekly unemployment insurance.

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A vote on the new stimulus package will soon be possible.

Sarah Tew / CNET

Why was a $ 1,200 second stimulus not part of the bill?

A second stimulus control has had widespread bipartisan support since the CARES Act was passed. In recent months, everyone from President Donald Trump and President elect Joe Biden to members of Congress, economists and ordinary people has called for another direct payment.

Last week, Trump called for “more money than they are talking about” in stimulus checks, as high as $ 1,200 or $ 2,000 per person. Aides would have convinced him that making such demands would jeopardize a stimulus bill, The Washington Post reported.


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While many are in favor of a direct payment of $ 1,200 in theory, a second smaller stimulus check has helped keep costs below the $ 1 trillion mark that Republican lawmakers said in the past they would support.

Stimulus control isn’t cheap. The IRS said this summer it had spent $ 270 billion sending 160 million checks, and on Monday Senator Mitt Romney, a Republican involved in drafting the bipartisan stimulus proposal, predicted a cost of $ 300 billion if the checks. once were charged again for $ 1,200 per person. Republicans have reportedly curbed the charges.

A variety of factors could have contributed to a second stimulus check making its way into the final bill at all, from popular opinion and presidential bias to complicated negotiations that cut $ 160 billion from elsewhere, enough for a smaller stimulus check than before.

Could there be a bigger stimulus bill in 2021?

Biden, McConnell and others have repeatedly described this December legislation as an emergency relief rather than a comprehensive economic stimulus package, and have committed to a new stimulus law in 2021.

“It’s a down payment,” Biden said on December 16. “A major down payment for what needs to be done in late January and early February. But it’s really important to get it done.”

Here’s everything we now know about the chances of a third stimulus check in 2021.

For more information on stimulus controls, here how quickly you now get your second stimulus check, what to do to speed up the delivery of a possible second check and what you need to know about the HEALS, CARES and Heroes proposals for incentive laws that can help inform a final package.




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