#64 - A Second Stimulus Check for $1200??

A second stimulus check for $1,200? What we know about another round of payments.  Join Sean Reynolds of the Seattle Real Estate Podcast as he discusses the likelihood of another round of payments.
 
The government is weighing another coronavirus relief check for 2020. If the package passes, it'll put more IRS stimulus money in your pocket. Here's the status today and what could happen next.

Washington is already working on the second round of stimulus payments for US taxpayers.

Will there be a second round of stimulus checks? That outcome seems more likely now than it did when the relief package for the first coronavirus stimulus checks went into effect. Now, Washington is in the process of weighing a new economic proposal -- called the Heroes Act -- for additional payments in 2020. The Heroes Act would supply an extra $1,200 per person on top of what the first round of relief checks provided. Worth $3 trillion in total, the relief package passed the House of Representatives and has moved to the Senate.

The goal of a second stimulus round is the same as the first: to help keep a shaky US economy from crashing. And the pressure is mounting. Last week, the US Bureau of Labor Statistics reported that 38.6 million Americans sought unemployment benefits (PDF) in the past 10 weeks. And in some states, unemployment has already reached 20%. During a recent Senate hearing, chair of the Federal Reserve Board of Governors Jerome Powell called for additional economic relief. And earlier this month, the International Monetary Fund forecast a deep global recession that could become the worst since the Great Depression.

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