Second stimulus check: Where we stand as July begins
WASHINGTON (NEXSTAR) — Senate Majority Leader Mitch McConnell said the Senate will consider a new stimulus package in July but some fear a new jobs report could derail any plans for a second round of economic relief payments to Americans.
The US unemployment rate fell to 11.1% as the economy added a record 4.8 million jobs in June, the Bureau of Labor Statistics reported. This follows May’s report showing the country gained 2.5 million jobs. With an employment growth trend in place, many analysts feel lawmakers might move past a second round of stimulus checks pointing to early signs of an economic recovery.
Nevertheless, President Donald Trump recently suggested a “very generous” second round of relief may be on the way. It’s just unclear how and if that might happen.
“We will be doing another stimulus package,” President Trump said in a late-June interview.
The president offered few details, however, saying, “It will be very good. It’ll be very generous.”
When asked how much the payment might be, Trump said, “You’ll find out about it. You’ll find out.” Trump added that he thought the relief funds would receive bipartisan support and could be announced “over the next couple of weeks.”
According to comments made this week by McConnell, we should get a better idea of a relief timeline before the end of the month.
“As you’ve heard suggested, I said back in March we would take another look at this… probably in July… take a snapshot of ...
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