Will a Second Stimulus Check Be Approved by the End of July?

July 13, 2020
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    As the country grapples with rising case numbers amid the unpredictable COVID-19 pandemic, Americans are patiently awaiting the status of a possible stimulus check.

    A second coronavirus aid bill could indeed be passed this month when Congress resumes for two weeks after its Fourth of July break, and before another recess in August.

    A new bill is a high priority for legislators during the remaining half of July. But the relief may look different the second time around, according to Treasury Secretary Steven Mnuchin.

    On Thursday, Mnuchin hinted that the White House will not support a broad round of relief similar to the sweeping aid it backed in earlier legislation this year.

    Mnuchin told CNBC that “we do support another round” but did not specify whether he support a $40,000 income threshold for the second checks first floated by Senate Majority Leader Mitch McConnell last week.

    Mnuchin did note, however, that he and McConnell would discuss the “level and criteria” for checks with senators when they return to Washington.

    He also addressed another major component of a possible second bill: an unemployment benefit that currently gives jobless workers an extra $600 a week and is set to expire at the end of July.

    While he did not provide details on the eligibility of the unemployment aid in a new bill, Mnuchin stressed: “You can assume that it will be no more than 100%” of a worker’s usual pay.

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