Fun

Second Stimulus Checks: When Direct Payments to Americans Will Come Under Joe Biden

News Feed - 2020-11-09 11:11:11

Second Stimulus Checks: When Direct Payments to Americans Will Come Under Joe Biden


The outcome of the U.S. presidential election is affecting how fast Americans will receive their second stimulus checks. With Joe Biden named the president-elect, Americans are eager to know how soon they will receive the second round of direct payments. The Senate goes back into session on Monday when the stimulus discussion will be prioritized. When Second Stimulus Checks Are Coming


Many Americans were hoping that a new stimulus package with the second round of stimulus checks would pass before the presidential election. Now that the election is mostly over and former vice president Joe Biden has been called the president-elect and Kamala Harris the vice president-elect, the question has become when Americans will get their second stimulus checks.


Recalling the status of the second stimulus check discussion, President Donald Trump had promised “a tremendous stimulus package immediately after the election.” However, he is now busy suing various states and asking several counties for a recount, emphasizing that the election is not over.


House Speaker Nancy Pelosi, who is key to the stimulus negotiations, won the House race in her district in California and is already seeking another two-year term as the Speaker of the House. She sent a letter to her colleagues on Friday asking for their support. She and Treasury Secretary Steven Mnuchin had been discussing stimulus terms almost daily prior to the election but could never come to an agreement. Pelosi pushed for the $2.2 trillion revised HEROES Act while the White House made a $1.8 trillion counteroffer. Both stimulus packages include the second round of stimulus checks to Americans.


Stating that she wants to resume coronavirus relief aid negotiations with Republicans, Pelosi said Friday: While we prepare for the new Biden administration, we must also move swiftly for a new coronavirus relief bill. We want the Republicans to come back to the table.


Senate Majority Leader Mitch McConnell has been seen as key to blocking the passage of several proposed stimulus packages, including those providing direct payments to Americans. He recently attempted to advance a much smaller stimulus bill than Pelosi’s revised HEROES Act on the Senate floor. His bill, which was blocked by the Democrats, omitted the second round of $1,200 stimulus checks to individuals.


McConnell has also been re-elected to a seventh term in the Senate. He said Wednesday following his re-election that an economic stimulus bill should be completed before the end of the year and will be the Senate’s focus, adding: We need another rescue package. The Senate goes back into session next Monday. Hopefully the partisan passions that prevented us from doing another rescue package will subside with the election. And I think we need to do it and I think we need to do it before the end of the year.


Meanwhile, former vice president Joe Biden has also outlined his stimulus aid relief plan. He said on Saturday after the media called his presidential win that he will make fighting the spread of coronavirus top priority, including a Covid-19 relief aid stimulus package. Biden is expected to move into the White House on Jan. 20.




As part of his presidential campaign, Biden published his Emergency Action Plan to Save the Economy, which provides insight into the direction of his stimulus relief aid when he is elected president. His plan “features some elements from the CARES Act, such as stimulus payments for eligible Americans and more unemployment benefits,” Cnet described.


Biden has promised that as president he will “Provide for additional checks to families should conditions require.” He further promised to “Provide emergency paid sick leave to everyone who needs it, with no one left out. This should include workers in all industries and all sectors, regardless of company size, and including gig workers, domestic workers, contractors, and the self-employed.” While Biden’s plan includes a second round of direct stimulus payments, it does not specify how many or for how much, or whether any of the qualifications would change from the CARES Act.


When do you think Americans will receive their second stimulus checks? Let us know in the comments section below. Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller NEWS | 10 hours ago 20 More Block Rewards from 2010 Spent Today— Why Are Decade-Old Bitcoins Waking Up? NEWS | 17 hours ago Tags in this story joe biden stimulus, joe biden stimulus checks, kamala harris stimulus, second stimulus check status, second stimulus checks, second stimulus checks irs, stimulus check date, when stimulus checks


Image Credits: Shutterstock, Pixabay, Wiki Commons Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

‘The Big Short’ Coming For Bitcoin? Why BTC Will Clear $110,000
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Joe Hall11 hours agoHow big is Bitcoin in Lugano? Decentralize with Cointelegraph goes to BTC schoolAdam Back, Paolo Ardoino and enthusiastic students from all over the world share insights on Bitcoin school as well as c
Victoria Kennedy11 hours agoExploring the future of AI: The power of decentralizationAlthough it’s still in its infancy, decentralized AI could be the answer to many technological concerns.498 Total views5 Total shares
Binance Acquires Licensed Japanese Crypto Exchange — Prepares to Enter Japan as Regulated Entity
Binance Acquires Licensed Japanese Crypto Exchange — Prepares to Enter Japan as Regulated Entity Cryptocurrency exchange Binance has acquired a regulated Japanese cryptocurrency
Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate
Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate Two proposals to tax crypto assets have failed to gain support from Portuguese lawmakers who are now discuss
Forcount crypto scheme promoters plead guilty to wire fraud conspiracy
Turner Wright2 hours agoForcount crypto scheme promoters plead guilty to wire fraud conspiracyOn July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting For
Musk says Neuralink will ‘give people superpowers’ as 2nd human gets implant
Tristan Greene5 hours agoMusk says Neuralink will ‘give people superpowers’ as 2nd human gets implantThe brain-computer interface has already changed lives, but it’s unclear how it will give people eagle vision or
Bitcoin analysts say BTC price correction is just ‘healthy consolidation’
Nancy Lubale7 hours agoBitcoin analysts say BTC price correction is just ‘healthy consolidation’Traders say Bitcoin’s sell-off was needed, and dips are likely to be viewed as buying opportunities.7229 Total views40
Krugman Says He Was ‘Wrong About Inflation,’ Summers Talks Recession, Biden Criticized Over ‘Half-Truths and Fibs’
Krugman Says He Was "Wrong About Inflation," Summers Talks Recession, Biden Criticized Over ‘Half-Truths and Fibs’ In mid-June red hot inflation reared its ugly head in America
Savannah Fortis9 hours agoIndia House passes bill to ease Big Tech data complianceThe lower house in the parliament of India approved updates to a bill that would ease data storage, processing and transfer standards for
The Crypto Anarchist Manifesto
The Crypto Anarchist Manifesto A specter is haunting the modern world, the specter of crypto anarchy. Computer technology is on the verge of providing the ability for individuals
Litecoin’s Hashrate Reaches All-Time High, Difficulty Follows Suit
Litecoin"s Hashrate Reaches All-Time High, Difficulty Follows Suit The blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25