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

Congress will return to Washington this week, and with its return to Capitol Hill, more and more Democratic and Republican leaders are urging short-term aid package to help families in the “dark winter” of soaring coronavirus cases and ongoing economic hardship, as predicted by President-elect Joe Biden. The Center for Disease Control and Prevention has warned that the United States could reach more than 320,000 deaths by mid-December.

One possibility is for Congress to pass a smaller bill than that supported by the Democrats, which expands the most critical programs expires at the end of the year and leaves a second economic stimulus review. The idea here may be for Congress to return to discussions on a broader package once the Biden government takes control on January 20.

But after months of quarreling and urgently and talk, the Senate and House of Representatives have a few days to close the deal before the end of the year. On Friday, the head of the majority of the house, Steny Hoyer, marked the window for the next two weeks that his chamber should work out the details of the frustrated the COVID-19 aid bill, specifically from 2 December to early 7 December.

But there is the second stimulus payment is not a guarantee. (And a payment can bring Less money as before.) Opponents 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.

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


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A smaller bill can bring more money into federal unemployment benefits

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.

Money for small businesses for employee payroll

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 that stops eviction

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.