Second stimulus check: Will it happen and could it grant another $1,200? Here's the update

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3 years ago

Washington is considering a second stimulus package that could include another round of payments and unemployment benefits. Here's the discussion as it stands today

The IRS may still have millions of payments to go for the first round of stimulus checks, but White House and congressional leaders are now weighing the merits of a second wave of checks to help support an US economy made unstable by the effects of the coronavirus on business closures and job losses.

Plans from House Democrats, Senate Republicans and White House advisers lay out different paths for a second financial rescue bill -- including how much money would be allocated for individuals, families and unemployed workers. It's also possible that the next stimulus package would combine elements of all three approaches, as White House and congressional leaders work to find common ground.

The timeline for a second stimulus payment is also prone to shifting. Senate Majority Leader Mitch McConnell said Congress may decide in the next few weeks if it will take up another round, CNBC reported, and White House officials anticipate that the executive branch will work on its own proposal through July, according to The Wall Street Journal. It's hard to know if the protests sweeping the globe in response to the death of George Floyd will affect the government's agenda. 

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