Second Stimulus Check & UPDATED Stimulus Timeline [8-1] | Stimulus Check 2 & Second Stimulus Update

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Second stimulus check update, HEALS Act , $1200 Stimulus Check, and stimulus check 2 update as of Saturday, August 1st. We cover the second stimulus package, the stimulus update, and also the next stimulus package. ✅Join The Power Of Finance Investor Group:

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⏰ Video Timeline:
0:00 Giveaway Details
1:23 Virus & Vaccine
2:20 Timeline On Second Stimulus
4:30 $600/week Unemployment Benefits
6:35 Direct Stimulus Payments

After this past week, Democrats, Republicans, and the White House all agree that we need more stimulus but they are “nowhere close” to a deal on any new stimulus legislation. This is happening because of disagreements with unemployment benefits ($600/week) and other key issues I the bill such as liability protections. However good news is with a timeline of the next relief package. House Majority Leader Steny Hoyer (D-Md.) announced on the floor Friday. “We will not start the August district work period until we pass appropriate Covid-19 relief to meet the current health and economic crisis.” Some lawmakers said they may not return for the vote — which would put them at further risk of contracting the virus as cases continue to surge — and would instead cast their vote by proxy for the next round of relief. In the senate they are saying the same thing about the timeline that they won’t leave for August recess until the bill is passed. “I remain hopeful that at some point next week, you know, people come back and realize that we're going to have to do this eventually, so might as well do it now."

Tens of millions of jobless Americans are losing a benefit that helped keep them afloat. A $600 weekly jobless benefit from the federal government that became a lifeline for tens of millions of unemployed Americans, while also helping prop up the coronavirus-ravaged economy, expired at midnight as officials in Washington failed to agree on a new relief bill. The loss of the aid will leave millions struggling to make ends meet at a precarious moment when nearly 11 percent of Americans have said that they live in households where there is not enough to eat, according to a recent Census Bureau survey, and more than a quarter have missed a rent or mortgage payment.

As the deadline neared, Republicans proposed continuing the full $600 benefit for one week while talks continue, but Democrats rejected the short-term extension. Nancy Pelosi said, “When you have a six-day, one-week extension on a provision, it is usually — has always been — to accommodate a legislative topic if you’re on the verge of having an agreement.”

Republicans and Democrats negotiating the next coronavirus relief package both support including another round of stimulus checks, but the two key issues that need resolving: payment amounts for dependents and eligibility requirements. Lawmakers on both sides of the aisle have put forth direct-payment proposals largely similar to the stimulus checks included in the CARES Act from late March that provided checks for most Americans -- up to $1,200 per adult and $500 per child under 17. The differences between Democrats and Republicans on direct payments are narrower than they are on other potential elements of a COVID-19 relief package, like aid to state and local governments and liability protections for businesses. According to Mark Zandi, “this is one of the places where they’re pretty close.” The Major difference is Democrats proposed the Heroes Act and this included $1,200 per adult and $1,200 per dependent for up to three dependents while the republicans proposed the HEALS Act and this includes $1,200 per adult and $500 per dependent regardless of age.

#StimulusCheck #StimulusUpdate #StimulusPackage
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