Second stimulus check: McConnell just shared update on timing

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Second stimulus check: McConnell only shared update on timing

Sen. Mitch McConnell (R-Kentucky) at the Bourgeois Political Activity Conference in National Harbor, Maryland, in March 2014. (Paradigm credit: Christopher Halloran/Shutterstock)

Despite hopes from lawmakers of both parties for stimulus relief in the weeks subsequently Election Twenty-four hours, Americans may non see a deal — or another $one,200 check — before Jan.

In a radio advent on the Hugh Hewitt Show this past Friday (October. 30), Senate Bulk Leader Mitch McConnell (R-Kentucky) suggested that the Senate would wait to take action on a pared-down stimulus bill until early 2021, CNBC reports.

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"Nosotros probably need to practice another package, certainly more modest than the $3 trillion Nancy Pelosi package," McConnell said. "I think that'll be something we'll demand to do right at the beginning of the twelvemonth." (The most contempo proposal from Speaker of the House Nancy Pelosi (D-California) actually sought $two.2 trillion in stimulus spending.)

The majority leader's remarks are in contrast with those of other GOP lawmakers, several of whom said last week that the were open up to because a bill once the pressure of the election had passed.

President Trump has also called for quick action, telling reporters Friday that, "we volition take a tremendous stimulus package immediately after the election."

Similarly, House Speaker Nancy Pelosi (D-California) has said she is optimistic near an understanding in the coming weeks. She has been in off-and-on talks with Treasury Secretary Steven Mnuchin, who has been negotiating on behalf of the White House and Republicans in general.

"We don't want to take to wait that long, because people have needs," Pelosi told MSNBC.

Observers have already noted that big bills tin can exist hard to sell in the weeks leading upwardly to Election Day, so the next steps for stimulus check 2 may largely depend on what happens on Nov. iii.

What'south on the table?

So far, the White House has inched closer to the Democrats' $2.two trillion HEROES Deed package, which includes stimulus check 2. The two sides are still debating issues such as the corporeality of assist for state and local governments and whether to include liability protections for businesses against coronavirus-related lawsuits.

The Senate, meanwhile, has held two procedural votes on separate but similar $500 billion "skinny" bills. Neither pecker included stimulus check 2, and both were blocked by Democrats. Congressional Republicans all forth accept pushed for smaller relief packages than what Pelosi and Mnuchin have discussed.

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Emily Long is a Utah-based freelance author who covers consumer technology, privacy and personal finance for Tom'due south Guide. She has been reporting and writing for about ten years, and her work has appeared in Wirecutter, Lifehacker, NBC Better and CN Traveler, among others. When she's non working, you tin can detect her trail running, didactics and practicing yoga, or studying for grad school — all fueled by java, plain.

Source: https://www.tomsguide.com/news/stimulus-check-not-before-january

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