President-elect Joe Biden on Monday urged lawmakers to pass a massive stimulus package similar in size to the $3.4 trillion "Heroes Act" that House Democrats passed in May. The bill includes a second stimulus package, including a $1,200 check, small business loans, and aid to state and local governments. [Senate Republicans have said such a proposal has no chance of passage. Prior to the election, House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin had been trying to reach an agreement in the range of $2 trillion, in line with the revised HEROES Act that passed the House in October.

Biden suggested that Republican resistance to sending billions of dollars in bailouts to state and local governments, a major sticking point in the stimulus bill negotiations, could weaken once President Trump leaves office and "fears of retaliation from the president" are gone.

"Hopefully, once President Trump is gone, they will be more willing to do what they know they have to do and must do to save their communities," he said Wednesday.

Meanwhile, one of America's top bankers blasted lawmakers from both parties for failing to pass a second stimulus package to further help struggling businesses and individuals and families. [On Wednesday, JP Morgan Chase CEO Jamie Dimon, speaking at a business conference, criticized the ongoing debate over bailout funds. The debate stalled before Election Day, with House Democrats demanding $2 trillion and Senate Republicans resisting spending more than $500 billion.

"I'm not kidding. 'I mean, let's split the baby and move on. This is childish behavior on the part of politicians."

Dimon added that many Americans have exhausted their first stimulus checks and are running out of money.

"There is a big part of our country that is really struggling. 'That's where we need to focus our attention. It has nothing to do with Democrats or Republicans.

Dymon called on Congress to provide assistance until the vaccine is widely available, and CNBC's "Mad Money" host Jim Cramer echoed Dymon's critique on Wednesday, saying that lawmakers and the Trump administration's failure to agree on additional bailout measures "has ruined a lot of businesses. ruined," he said.

The IRS is urging Americans who may have missed receiving their first stimulus checks to file claims by Saturday (November 21). Millions of low-income families and older Americans, many of whom may not have recently filed tax returns, may be eligible for undistributed payments.

Parents with dependent children who did not receive the $500 subsidy with their first check may also be eligible for the payment.

To determine eligibility and claim your unpaid check, enter your information into the Undocumented Filers tool on IRS.gov by 3 p.m. ET on November 21. If you missed the deadline, you can still receive payment next year by filing your 2020 tax return.