U.S. Treasury Secretary Steven Mnuchin said Republicans and Democrats have agreed to include another round of direct payments to American households in a potential coronavirus relief package.

Mnuchin told FOX Business’ Lou Dobbs in an interview on Wednesday that the package would include a second round of economic impact payments “similar” to the ones distributed under the CARES Act.

That means, if you qualified for a check the first time, you would likely be up for a second payment.

STILL NEED YOUR CORONAVIRUS STIMULUS CHECK? KEY DEADLINES TO KNOW

The first round of payments were valued at $1,200 per adult for those with adjusted gross incomes of up to $75,000. The threshold for married couples was $150,000 – they were eligible for $2,400 and $500

Read More

U.S. stock indexes closed higher Wednesday, but booked their worst month since March, as hopes faded for another round of fiscal stimulus from Washington ahead of November’s election.

Market participants also were wary of a potentially contested November result following Tuesday’s rancorous first presidential debate.

The Dow Jones Industrial Average
DJIA,
+1.19%

rose 329.04 points, or 1.2%, to close at 27,781.70, while the S&P 500 index
SPX,
+0.82%

gained 27.53 points, 0.8%, to end at 3,363. The Nasdaq Composite
COMP,
+0.74%

finished 0.7%, or 82.26 points higher, at 11,167.51.

For the month, the Dow closed 2.3% lower, the S&P 500 down 3.9% and the Nasdaq Composite ended off 5.2%, marking the first monthly decline for each benchmark since March which saw the low point of the sell off resulting from the coronavirus pandemic.

On a quarterly basis, the Dow advanced 7.6%, the S&P 500 rose 8.5% and the Nasdaq Composite

Read More

The House of Representatives delayed a planned Wednesday night vote on the updated Heroes Act to allow more time for negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin. The two will meet again Thursday in an attempt to find more common ground and a path to passing the next round of stimulus aid. Democrats now plan to vote on the proposal on Thursday, giving roughly 24 more hours for a bipartisan deal to come to fruition. “We’ll have to see. If we have an agreement,

Read More



Hideyo Noguchi, Benjamin Franklin are posing for a picture


© Provided by RADIO.COM


Lawmakers continue to discuss a new COVID-19 relief deal and whether Americans will receive a second round of stimulus checks.

Fox News reported the specific amount of money that other countries gave to their citizens amid the economic decline resulting from the COVID-19 pandemic.

A proposal for a new COVID-19 relief package is set to include a second stimulus check and another round of federal unemployment benefits.

Loading...

Load Error

Americans are patiently waiting on another direct payment status after a summer of stalemates between lawmakers in Washington.

So far, most Americans have received a stimulus check of $1,200.

Other countries that have sent economic relief to its residents included Japan ($930 per adult), Singapore ($422 per adult), and Hong Kong ($1,280 per adult), according to a BBC report.

BBC reported that South Korea’s government sent $820 checks to families in the “bottom 70% of income brackets.”

Read More

WASHINGTON DC — House Democrats have rolled out a new $2.2 trillion stimulus package that includes a wide variety of small-business relief programs, including billions of dollars in grants for live-venue operators and a second round of Paycheck Protection Program loans.

The legislation is the latest in a series of bills introduced by both Republicans and Democrats from both chambers in recent months. This new legislation is an updated version of the HEROES Act passed by the House in May, but not voted upon by the Republican Senate. The fate of this package, if it passes the House in the coming days, is equally unclear on whether it would receive a vote in the Senate.

Proponents hope its smaller scale, reduced from more than $3.4 trillion in the HEROES Act, could reinvigorate efforts in Congress to break the stimulus logjam. Democrats and Republicans have been divided over the size and

Read More

American Airlines flight attendant Aaron Cuevas doesn’t know if he’ll have a job next week. He doesn’t even know if he should look for a new one or wait to find out how long unemployment might last.

Starting next week, American Airlines could begin furloughing 17,500 flight attendants, pilots, mechanics, ramp workers and other employees.

Across the airline industry, about 80,000 workers are holding notices telling them time is coming due for carriers to say goodbye if Congress doesn’t pass another payroll extension grant. Airline executives and union leaders say they are still hopeful to get a deal done by the end of September, but time is running out.

The changes are coming the fastest at Fort Worth-based American Airlines, which is staring at more debt and more overhead than its competitors.

What could happen after Thursday and in the weeks to come, will change flying for both passengers and

Read More

House Democrats on Monday unveiled a $2.2 trillion stimulus plan that includes reviving the $600 federal unemployment benefit and sending a second round of stimulus checks to millions of American taxpayers.

House Democrats in May passed a $3.4 trillion spending package called the Heroes Act. (The new proposal has the same name.) It formed the basis of their coronavirus relief negotiations with Republicans, though they have lowered their demands and now insist on at least $2.2 trillion in new spending.

House Speaker Nancy Pelosi said she aimed to bring Republicans back to the negotiating table with the new proposal.

“Democrats are making good on our promise to compromise with this updated bill, which is necessary to address the immediate health and economic crisis facing America’s working families right now,” she said in a letter to members of her caucus.

Here are several of the package’s provisions:

  • $600 weekly federal unemployment
Read More

With President Donald Trump and Democratic nominee Joe Biden poised to discuss the economy and the coronavirus pandemic during the first presidential debate on Tuesday, some Americans may be wondering what each candidate has said about the possibility of distributing a second round of stimulus checks.



a book sitting on top of a table: In this photo illustration, $20 and $5 bills are displayed on August 29, 2017 in San Anselmo, California. President Donald Trump and Democratic presidential nominee Joe Biden are expected to discuss the coronavirus pandemic and the economy during the first presidential debate Tuesday night as discussions about another economic relief package continue on Capitol Hill.


© Justin Sullivan/Getty
In this photo illustration, $20 and $5 bills are displayed on August 29, 2017 in San Anselmo, California. President Donald Trump and Democratic presidential nominee Joe Biden are expected to discuss the coronavirus pandemic and the economy during the first presidential debate Tuesday night as discussions about another economic relief package continue on Capitol Hill.

Both candidates have voiced support for a second one-time direct payment in recent months, but it does not appear to be an integral part of Biden’s economic recovery plan for the country.

Congressional legislators have been working for months on a new economic relief package

Read More

White House economic adviser Larry Kudlow says he agrees that another large pandemic stimulus relief bill should be pumped into the economy, but Democrats’ nearly $3 trillion proposals are bloated and still include unnecessary unemployment benefits.



Lawrence Kudlow wearing a suit and tie in front of a sign: White House economic adviser Larry Kudlow says he agrees that another large pandemic stimulus relief bill should be pumped into the economy, but Democrats' nearly $3 trillion proposals are bloated and still include unnecessary unemployment benefits.


© Screenshot: CNBC | YouTube
White House economic adviser Larry Kudlow says he agrees that another large pandemic stimulus relief bill should be pumped into the economy, but Democrats’ nearly $3 trillion proposals are bloated and still include unnecessary unemployment benefits.

Kudlow, head of the president’s National Economic Council, acknowledged House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin “spoke several times” over the weekend about finally pulling together a stimulus relief package before the election—but a deal remains unlikely. Kudlow dismissed repeated questions from CNBC hosts Tuesday on how he can insist the Trump administration is “out-performing expectations” with an unemployment rate hovering at 8.4 percent and several economic reports indicating one-in-three households

Read More

 money-bills-dollars-recession-stimulus-cash-4363

We help you estimate the maximum amount that could end up in your bank account if another stimulus payment arrives.


Angela Lang/CNET

Is there a chance that you could get a second stimulus check before the Nov. 3 election, and if so, how much could you receive if you are eligible? 

A glimmer of hope has emerged with the news that House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have resumed negotiations to pass another coronavirus rescue package. House Democrats have a new relief proposal worth $2.4 trillion that may be voted on as soon as Oct. 2. If it actually passes, the Senate could choose to pick it up for a vote, or, as was the case with the Heroes Act that passed the House in May, Senate Majority Leader Mitch McConnell may not take it up at all.

The first stimulus check maxed out at

Read More