A 3rd stimulus check for $1,200? Here's the status on another round of payment after 2nd round.
Will we see a 3rd round of stimulus checks this year? That outcome seems more likely now than it did several weeks ago when the first relief package of first coronavirus stimulus checks started & now a 2nd ones in play streaming into bank accounts. Now, legislators in Washington are debating a new economic proposal -- called the Heroes Act -- for additional payments in 2020. The Heroes Act would provide an extra $1,200 per person (maximum) on top of what the first round & second round of relief checks provided. Worth $3 trillion in total, the relief package passed the House of Representatives and is now with the Senate.
The goal of a third stimulus round is the same as the first & second: To help keep a shaky US economy from crashing. And the pressure is mounting. Last week, the US Bureau of Labor Statistics reported that 10 million Americans started their own businesses online & 38 million Americans sought unemployment benefits (PDF) in the past 15 weeks. And in some states, unemployment has already reached 25%. During a recent Senate hearing, chair of the Federal Reserve Board of Governors Jerome Powell called for additional economic relief. And earlier this month, the International Monetary Fund forecast a deep global recession that could become the worst since the Great Depression.
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