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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

After Congress returns to work on Monday, senators and delegates are expected to re-discuss the benefits of a large or small stimulus package to succeed before 2020 is over. There’s just one problem: Congress is deeply divided on the size and scope of a COVID-19 rescue accountthat is why the negotiations have already taken six months. The urgency to pass a bill and the frustrations that it still won’t happen alarms US leaders and health experts alike as the country embarks on what President-elect Joe Biden has called a ‘dark winter’ of growing coronavirus cases and increasing economic hardship.

On Wednesday, the US reported its deadliest day since May, with 2,300 deaths from the coronavirus. 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.

A growing number of Republican and Democratic members are pushing Congress to focus on a smaller bill than the only Democrats have supported since spring. A smaller bill could expand some of the most critical programs expires at the end of the year and possibly omit the popular second economic stimulus check. After agreeing on short-term aid, Congress could return to talks on a broader package after the Biden administration takes over on Jan. 20.

For months, Democratic leaders have rejected the idea of ​​a smaller, targeted bill – something House Speaker Nancy Pelosi has called half a loaf of bread – but with the Senate and House of Representatives meeting for just a handful of days before the end of the year, a smaller bill is the only way to close a deal before the end of the year.

“We have to do this now,” Senator Roy Blunt, a Missouris Republican, told CNN’s State of the Union Sunday. “The problem was that our friends on the other side of the building thought it was $ 2.4 trillion or nothing. Half of that would have made a big difference, and after the first of the year we could have taken this off. “

A second stimulus check worth up to $ 1,200 per person however, is not insured. (And you can earn a payment less money than before.) Those who argue against a second direct payment suggest 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.

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


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A smaller bill could still bring in more money for federal unemployment checks

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.

Assistance for small businesses to pay employees’ wages

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 to 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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