YOU could get your $600 stimulus check in just 15 DAYS if the final bill is passed today. Lawmakers finally finalized the $900 billion economic relief package on Sunday – with hopes the bill will be passed on Monday after months of gridlock negotiations. The package will mean Americans will be able to access individual […]
YOU could get your $600 stimulus check in just 15 DAYS if the final bill is passed today.
Lawmakers finally finalized the $900 billion economic relief package on Sunday – with hopes the bill will be passed on Monday after months of gridlock negotiations.
The package will mean Americans will be able to access individual checks, small business loans and benefits to the unemployed struggling with the fallout of the COVID-19 pandemic.
A one-off $600 stimulus payment is expected for most Americans, while unemployment payments will be boosted by $300 per week.
Many Covid-19 relief packages had been set to expire at the end of the month – putting about 12million Americans at risk of losing their access to unemployment benefits.
Senate Majority Leader Mitch McConnell, R-Ky., announced on the Senate floor Sunday afternoon: “More help is on the way.
“Moments ago, the four leaders of the Senate and the House finalized an agreement. It will be another major rescue package for the American people.”
Lawmakers still need to finalize the bill’s text, which then needs to pass the House and Senate before President Donald Trump can sign it into law — which he has indicated he will do.
White House spokesperson Ben Williamson told Politico: “President Trump has pushed hard for months to send Americans badly needed financial relief.
“We look forward to Congress sending a bill to his desk imminently for signature.”
If signed before Christmas, checks could begin to be distributed shortly after January 1.
And House Speaker Nancy Pelosi said the bill was just the first step in helping Americans as the nation has faced surging coronavirus infections with fears of rising unemployment.
She said in a statement on Sunday: “This emergency relief bill is an important initial step.
“In 31 days, when Joe Biden enters the White House, more help will be on the way.”
An embattled Congress has bickered and fought through several stalled attempts at providing more aid to Americans after the first round of stimulus checks were sent out in the spring.
An agreement on stimulus checks had finally been expected to come this weekend after Congress held a rare weekend session to reach a coronavirus relief deal.
Negotiators on both sides of the aisle had seemingly come to an agreement that would include $600 checks for Americans, along with a series of other crucial assists.
The amount of cash would decrease for people earning over $75,000 per year, according to the Washington Post.
The deal came hours before the federal government was set to run out of funds and is expected to be merged with a colossal spending legislation to keep the government funded through the end of the fiscal year, The New York Times reported.
The merged legislative measure would be Congress’s last major act before adjourning for the year.
Fox News reported before the agreement was reached that talks had “really slowed down.”
President Trump had reportedly demanded the United States Congress agree on stimulus checks that are a minimum of $1,200 and at most $2,000.
On Sunday morning, the president tweeted: “Why isn’t Congress giving our people a Stimulus Bill?
“It wasn’t their fault, it was the fault of China. GET IT DONE, and give them more money in direct payments.”
