If there is no second stimulus check in the next relief account, you can still profit


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Many economic support programs will run until the end of the year without the help of Congress.

James Martin / CNET

After Congress goes to work on Monday, senators and MPs are expected to discuss the merits of a big or small stimulus package again. Before the end of 2020. There is only one problem: Congress is deeply divided on opinion the size and scope of the COVID-19 rescue account, so the negotiations have been dragging on for half a year. The urgency of passing the bill and the frustration that it still may not occur alerts U.S. leaders and health experts alike when the country is elected by President Biden Joon Biden in the wake of a growing winter of coronavirus cases and severe economic hardship. “he called.

On Wednesday, the United States reported the deadliest day since May, with 2,300 deaths caused by the coronavirus. The Center for Disease Control and Prevention has warned that the United States could reach more than 320,000 deaths by mid-December.

More and more Republican and Democratic members are pushing for Congress to focus on a smaller bill than a Democrat. they have been supporting since the spring. A smaller account can extend the most critical programs expires at the end of the year and possibly leave the popular second economic stimulus control. Once a short-term grant agreement is reached, Congress can return to discussions on the broader package once the Biden government takes control on January 20.

For months, Democratic leaders have rejected the idea of ​​a smaller, targeted bill – which Speaker Nancy Pelosi called half-bread – but at a Senate and House of Representatives meeting just days before it ends. year, a smaller account may be the only way to do business before the end of the year.

“We need to do this now,” Senator Roy Blunt, a Republican from Missouris, said on CNN Sunday, the state of the Union. “The problem was that our friends across the building thought it was $ 2.4 trillion or nothing. Half of that would have made a big difference, and then we could have dealt with it again after the first year.”

THE the second stimulus check is worth up to $ 1,200 per person however, it is not insured. (And a payment can bring Less money as before.) Arguments against the second direct payment suggest another direct payment may not be necessary because the COVID-19 vaccine points to a return to work and spending on the economy. Not everyone gets the vaccine at the same timeIn mid-2021, however, even more widespread distribution will take months.

Last week, a group of 127 economists signed an open letter (PDF) urging a second stimulus audit, a fast, fair, and effective way to “recover families and the economy.” But after months of fruitless discussion, what does it mean to have another stimulus check no are you coming We’ve looked at the additional benefits a new incentive package can bring you, even without it $ 1,200 per educated adult. This story is regularly updated with new information.


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A smaller bill can still bring in more money for federal unemployment checks

The CARES Act authorized in March an additional $ 600 per week in unemployment money of unemployed persons. When this program ran out in July, President Donald Trump signed an enforcement action it extended payments by $ 300 a week until the end of the year, until Dec. 31, or until each state ran out of money. With a total of 20 million unemployed workers claiming, the government reported this month that renewing federal unemployment benefits could help pay rents, food and other essentials directly to millions of people.

Help small businesses pay wages

The payroll program, also part of the CARES Act, is designed to facilitate the employment of workers by providing essential loans to small businesses to pay wages. This means that people who work for small businesses are more likely to have to keep their jobs because their employers can get extra money in accounting for employees.

Although recent studies show that the payroll program was not as effective as it could have been — many businesses used loans to use for non-pay-as-you-go expenses and savings — both Republicans and Democrats advocated renewal. it targets the small businesses most severely affected.

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Federal support for workers ’wages will run out as Democrats and Republicans still disagree.

Sarah Tew / CNET

Tenant protection to stop evictions

The CARES Act contained 120 days moratorium on evictions of rented late tenants. Trump extended the moratorium until December 31st. A recent U.S. census study found that at the time of the epidemic, one in five tenants did not reach their rent, the loss of protection could be catastrophic for U.S. households, and could contribute to a projected increase in personal bankruptcy.

With Congress running after Thanksgiving and the December 11 deadline for passing the new federal budget, lawmakers need to act quickly to adopt a short-term solution before the new year.

Until then, here’s what we know about his condition negotiations on another economic rescue bill, we can maintaining an agreement and five benefits are eliminated unless Congress decides before the end of the year.