Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Economic Experts Believe Americans Could See a Second Stimulus Check

by Iesha
November 27, 2020
Reading Time: 2 mins read
0
stimulus check

istock stimulus check

Share on FacebookShare on Twitter

According to CBS News, the government only has a matter of time to approve a second round of coronavirus relief since Congress is adjourned until next week. So, where does that leave Americans who counted on a second stimulus check? For now, stuck in limbo.

Economic experts believe that lawmakers can pass a scaled-down stimulus bill when they return to Washington, D.C. on November 30. Still, they do believe that it is unlikely to match the $2.2 trillion CARES Act that was signed into law in March and gave $1,200 to many Americans.

Democrats and Republicans still remain apart on several key issues. Even if Congress does pass an aid bill in December, it could take weeks for the IRS to electronically deposit funds into people’s bank accounts, much less distribute them via the mail.

It is reported that millions of people are set to lose their unemployment benefits by the end of the year, and nationwide eviction moratoriums are set to lapse in the new year. The number of Americans applying for jobless aid has risen for the second week in a row.

Economic experts think that, rather than concentrating on stimulus funding, Congress will most likely focus on passing legislation to finance the government and avoid a shutdown.

The Deutsche Bank economists believe Congress could get a slimmed-down package early next year. They say that President-Elect Joe Biden’s choice for Treasury secretary, Janet Yellen, would likely push for that to happen quickly. However, the president-elect’s administration will not be ushered in until January 20, and Yellen’s position would require approval from the Senate.

On October 1, it was reported that the House Democrats passed an updated Health and Economic Recovery Omnibus and Emergency Solutions (HEROES) Act. Still, the $2.2 trillion bill ran into opposition from Republican lawmakers.

The parties’ main disagreements included whether the federal government should help cash-strapped cities and states that the economic strain caused by the pandemic. The HEROES Act would have provided more than $400 billion in funding for state and local governments.

The two parties also still remain far apart on the issue of unemployment aid.

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Subscribe

Tags: COVID-19Newspandemicstimulus check

Related Posts

Only Survivor of Air India Crash Speaks Out From Hospital Bed
News

“He Thought He Was Going to Die”—Only Survivor of Air India Crash Speaks Out From Hospital Bed [Video]

June 13, 2025

Tragedy struck the skies above Ahmedabad when an Air India flight went down shortly after takeoff. Wreckage lit up the...

Hurricane
News

Major Hurricane Forecasting Tool Pulled Right Before Season Starts—Experts Sound the Alarm

June 13, 2025

Just as the 2025 hurricane season begins, federal scientists have lost access to one of their most valuable forecasting tools—Saildrones....

"Graveyard Dead”: Florida Sheriff Threatens to Kill Protesters
News

“Graveyard Dead”: Florida Sheriff Threatens to Kill Protesters [Video]

June 13, 2025

Brevard County Sheriff Wayne Ivey has ignited a firestorm after delivering an unapologetically violent warning aimed at protesters opposing ICE...

Coinbase Drops Credit Card with Amex That Pays You in Bitcoin [Video]
News

Coinbase Drops Credit Card with Amex That Pays You in Bitcoin [Video]

June 13, 2025

Coinbase just stepped into the credit card game. The crypto giant teamed up with American Express to launch its very...

Next Post

ICU Doctor Makes Video Of A Dying Patient’s Last Moments To Urge People To Take COVID-19 Serious

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d