Stimulus check 2: What Biden's election means for your payment

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Stimulus check ii: What Biden'due south election means for your payment

(Paradigm credit: Drew Angerer/Getty)

While Joseph R. Biden'due south election to the presidency and his quick cosmos of a pandemic task force may provide some hope for a second stimulus beak, including stimulus cheque two, that relief may not come up until next year — if information technology comes at all.

Economists are pushing for some level of stimulus spending, though analysts admit that a 2d relief packet may well exist smaller than the Democrats' $ii.2 trillion HEROES Act that passed the House this fall.

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During the election entrada, Biden suggested a second round of directly payments as well as additional unemployment benefits, so it's possible that his upcoming response plan will include these elements.

But the president-elect won't be sworn in until Jan. 20, 2021. Until and then, the Trump administration and the GOP-controlled Senate, as well every bit the Democrat-controlled House of Representatives, will remain in the aforementioned spot they've been in for months: at odds over how much to spend on stimulus relief and how to allocate funds. And Americans will proceed to look for a deal to be reached.

Where negotiations stand now

House Speaker Nancy Pelosi (D-California) and Treasury Secretary Steven Mnuchin spent September and October inching closer to a $two trillion deal — and a consensus on the need for stimulus check ii — although there was disagreement over provisions like assist to country and local governments.

Meanwhile, Senate Majority Leader Mitch McConnell (R-Kentucky) has so far resisted a 2d stimulus packet. He will remain in charge of the Senate until at least early January, and perhaps much longer if Democrats lose two runoff elections in Georgia scheduled for Jan. v.

In September and October, the bedchamber held two failed votes on separate $500 billion "skinny" bills, both of which were largely symbolic, and neither of which included stimulus check two. If the Republicans keep control of the Senate in 2021, they may not be willing to go whatever further.

McConnell did say last calendar week that he would exist open up to passing stimulus legislation by the end of 2020 and suggested to reporters on Friday that Congress should pass a pared-down bill, which Pelosi has rejected.

Just Congress also has to contend with a Dec. 11 deadline to reach an agreement on funding the government to avoid a shutdown. As The Washington Post reports, Trump has non indicated whether he'll sign such a spending beak — or whether stimulus relief is even feasible during the residuum of his term.

Paul Wagenseil is a senior editor at Tom's Guide focused on security and privacy. He has likewise been a dishwasher, fry melt, long-haul driver, code monkey and video editor. He'southward been rooting around in the information-security space for more than 15 years at FoxNews.com, SecurityNewsDaily, TechNewsDaily and Tom'south Guide, has presented talks at the ShmooCon, DerbyCon and BSides Las Vegas hacker conferences, shown upward in random Tv set news spots and fifty-fifty moderated a panel discussion at the CEDIA dwelling-technology conference. Y'all tin follow his rants on Twitter at @snd_wagenseil.

Source: https://www.tomsguide.com/news/stimulus-check-biden-chances

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