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Wednesday

02 December 2020

Second Stimulus Checks: New Proposal Taps Unused Fed Funds, Lawmakers Call for Relief Now | News Bitcoin News

Second Stimulus Checks: New Proposal Taps Unused Fed Funds, Lawmakers Call for Relief Now | News Bitcoin News


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Americans are anxiously waiting to hear if they will receive a second round of stimulus checks as many are suffering due to the coronavirus-led economic crisis.

Treasury Secretary Steven Mnuchin has a new proposal to immediately provide relief aid, while Nancy Pelosi has been discussing stimulus plans with Mitch McConnell, Joe Biden, Kamala Harris, and Chuck Schumer.

House Speaker Nancy Pelosi has continued to push for her $2.2 trillion revised Heroes Act, while Senate Majority Leader Mitch McConnell has proposed a $500 billion stimulus bill targeting specific needs.

While Pelosi’s stimulus package provides a second round of stimulus checks for Americans, McConnell’s stimulus bill does not.

On Friday, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows met with Republican congressional leaders to discuss stimulus support.

Before the presidential election, Mnuchin met with Pelosi almost daily to discuss stimulus terms but the two have yet to come to an agreement.

Pelosi was in stimulus negotiations with McConnell and GOP leadership on Thursday but no agreement was reached on any coronavirus relief aid package.

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