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If there is no second stimulus check on the next lump sum payment, you can still take advantage of it



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Several economic aid programs will expire by the end of the year without help from Congress.

James Martin / CNET

Congress returns to Washington this week, and with its return to Capitol Hill, a growing number of Democratic and Republican leaders are pushing for a short-term aid package to help families through the “dark winter” of rising coronavirus cases and ongoing economic hardship predicted by President-elect Joe Biden. The Centers for Disease Control and Prevention has warned that the US could hit a death toll of more than 320,000 by mid-December.

One option is for Congress to pass a smaller bill than the Democrats have backed, a bill that expands some of the most critical programs expires at the end of the year and leaves a second economic stimulus check. The idea here may be that Congress could return to discussions of a broader package after the Biden administration takes over on Jan. 20.

But after months of bickering and pushing and talking, the Senate and the House of Representatives need only a few more days to close a deal before the end of the year. Over the next two weeks, House Majority Leader Steny Hoyer marked a window detailing his room on Friday. the beleaguered COVID-19 relief bill, specifically December 2 to early the week of December 7.

But there is second incentive payment is not a guarantee. (And you can earn a payment less money than beforeSuggest opponents another direct payment may not be necessary, as a upcoming COVID-19 vaccine points to a return to work and the kind of spending that drives the economy. Not everyone will receive the vaccine at the same timehowever, wider distribution by mid-2021 is still months away.

Earlier this week, a group of 127 economists signed an open letter (PDF) urging for a second stimulus control as fasting, a fair and effective way to “get families and the economy back on track”. But what does it mean if there is one more, after months of incentives not come? We’ve looked at the other benefits that a new incentive package could bring you, even without another $ 1,200 per qualified adult. This story is regularly updated with new information.


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A smaller bill could bring in more money for federal unemployment assistance

The CARES Act authorized in March an additional $ 600 per week in unemployment money for the unemployed. When that program ended in July, President Donald Trump has signed an executive action that extended payments through the end of the year by an additional $ 300 per week, until December 31, or until the money for each state ran out. With the total number of unemployed workers claiming benefits, as high as 20 million, the government reported this month, a renewal of federal unemployment aid could directly help millions of people pay rent, food and other necessities.

Money for small businesses to pay employee payroll

The Payroll Protection Program, also part of the CARES Act, was designed to keep workers in employment by providing forgiving loans to small businesses to pay wages. That means people who work for small businesses should be more likely to keep their jobs as their employer can get extra money to keep employees on the books.

While recent studies suggest the payroll program wasn’t as effective as it could have been – with many companies using the loans for unpaid expenses and to build savings, according to a University of Chicago study – both Republicans and Democrats have insisted on renewal. of the program aimed at the hardest hit small businesses.

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Federal support for workers’ wages is expected to run out as Democrats and Republicans continue to disagree.

Sarah Tew / CNET

Protection of tenants that stop evictions

The CARES law covered a period of 120 days moratorium on evicting tenants who were late with rent. Trump extended the moratorium until December 31. A recent US Census survey found that one in five tenants will not be caught up on their rent during the pandemic, making a lapse of protection potentially catastrophic for US households and exacerbated by a predicted rise in personal bankruptcy.

With Congress running past Thanksgiving and a December 11 deadline to approve a new federal budget, lawmakers will have to act quickly to agree to a short-term resolution before the new year.

Until then, here’s what we know about the state of negotiations on another economic bailout law, which can be hold an agreement and five benefits disappear unless Congress acts before the end of the year.




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