Wednesday, June 29News That Matters

Tag: longshot

Second $1,200 stimulus checks had bipartisan support. Now they could be a longshot

The U.S. Capitol Building is reflected against an ambulance along the East Front on Capitol Hill in Washington, U.S., July 16, 2020.Tom Brenner | ReutersWhile negotiations over the next coronavirus stimulus bill have carried on for months, there has been one certainty: Democrats, Republicans and President Donald Trump have all backed sending out a second round of $ 1,200 stimulus checks.But now it's not certain those payments will go out after all.Senate Republicans plan to vote on a new targeted $ 500 billion bill as early as this week. Their plan includes additional aid for small businesses and would provide $ 300 per week in enhanced unemployment insurance benefits.However, another round of stimulus checks, which would cost at least $ 300 billion, are not in the proposal.It is uncle...