During the great recession, there it remains unclear how this will shake out — and how it might affect the chances of a second stimulus check being approved in an upcoming bill.
14+ A Second Stimulus Check Approved
Pics. Second stimulus check still up in the air. No, a second stimulus check won't be issued until both chambers of congress vote to pass a relief bill and president donald trump signs it into law.
Heroes Act Will We Get A Second Stimulus Check The Motley Fool from g.foolcdn.com
Like the stimulus checks sent out under the cares act, the payments included in house democrats' bill would begin to phase out for people with incomes of mcconnell and other republicans say they want to pause and allow the approximately $3 trillion in spending already approved to make its way. The irs recently said it has paid all eligible americans that it had enough information on for checks from the first round, for a total of $267 billion. Talk of a second round of $1,200 stimulus checks made headlines last week when democrats in the house of representatives passed a new bill but another round of federal relief checks is far from a done deal.
If a second stimulus check is approved, the irs is expected to once again separate eligible people into different payment categories to receive as much treasury secretary steven mnuchin has said it would take about a week to process the first payments, when and if another stimulus check is signed.
No, a second stimulus check won't be issued until both chambers of congress vote to pass a relief bill and president donald trump signs it into law. We will also be watching this situation very closely and keeping this post updated with all the latest details of a possible second stimulus check as they unfold. Possible second round of stimulus checks. While negotiations are just getting started on capitol hill, with no guarantee of an eventual deal on new legislation, there are signs that stimulus payments could be one area of agreement among lawmakers.
