Americans have yet to receive their $1,200 stimulus checks from the federal government, but another round of cash payments could be coming their way.
Talks are underway between the Trump administration and Congress on another recovery package to blunt the economic impact of the coronavirus pandemic. A second round of cash payments to Americans is part of the discussions.
“We could very well do a second round,” President Donald Trump said at a White House news conference Monday. “It is absolutely under serious consideration.”
Congress already has approved three stimulus bills to juice the economy amid the coronavirus crisis. The largest is a $2.2 trillion economic recovery package that provides one-time payments of up to $1,200 to millions of Americans, as well as loans, grants and tax breaks for businesses reeling from the economic fallout.
More checks for Americans
Like Trump, House Speaker Nancy Pelosi has been talking about more direct payments to Americans. She told House Democrats on a conference call Monday that the next coronavirus package could easily surpass $1 trillion and that help for small businesses and families could be part of the deal.