The federal government is considering another round of stimulus money to help boost the economy. But who gets the money may change.
Senate Majority Leader Mitch McConnell said payments may be part of the next relief bill, but the threshold will be lower.
The coronavirus pandemic has turned the U.S. economy from a downturn to a recession with double-digit unemployment rates, CBS News reported.
A Washington Post writer said McConnell’s specificity of a number was telling.
President Donald Trump has been pushing for another payment to be included in the next coronavirus legislation, CNBC reported.
Republicans have been pushing back, but McConnell’s figure could be a compromise plan, according to CNBC.
A second stimulus payment was part of the $3 trillion House-passed HEROES Act. But action has yet to be taken by the Senate, Fox Business reported.
Treasury Secretary Steven Mnuchin said the administration’s goal is to get the bill passed before the end of July, The Wall Street Journal reported.
If the bill passes Mnuchin said the money will be distributed quickly, Fox Business reported.
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