Stimulus Check 2 comes soon with "very generous" payments, Trump says

Stimulus Check 2 comes soon with "very generous" payments, Trump says

The possibility of a second round of stimulus is assured after President Trump said in an interview on Monday that a second round of a "very generous" stimulus package could be implemented soon.

In an interview with a Scripps correspondent, the president made clear that a second round of stimulus would be implemented when asked if those who had exhausted the first stimulus package and were still suffering could expect further financial support. He said, "We're going to do another stimulus package. It's going to be very good, very generous," President Trump said.

The president declined to comment on how much the second stimulus check would be, but said, "We'll probably find out in the next couple of weeks."

In response to the president's remarks, a senior White House official told NBC News that another round of direct stimulus is "part of what the economic team is looking at." The official also said that "no decisions have been made yet."

In May, the House passed the Heroes Act, a $3 trillion bailout package that includes up to $1,200 per person in stimulus checks2 in addition to assistance for frontline workers. Based on this stimulus check calculator, the House's new stimulus package would provide the same amount to eligible taxpayers as the April Cares Act.

The Senate is still deciding whether to approve the Heroes Act or draft an entirely new stimulus bill. At first, the fate of Stimulus 2 appeared to be in doubt as states moved to reopen it and unemployment reports improved in May. However, with the number of COVID-19 cases rising again across the U.S., governments may be convinced that the economic impact of the pandemic is an ongoing problem.

According to a WalletHub survey, 84% of Americans want the next stimulus package, even if they have not yet received the first.

That's right, the second round of stimulus could take place before everyone receives their first $1,200 stimulus package. Taxes are due July 15, and those who filed or plan to file close to the deadline may face delays; consider using the IRS Stimulus Check app to track your filing status or call the IRS Stimulus Check phone number for assistance with payments. Consider calling the IRS Stimulus Check phone number for assistance with payments.

If you already have a stimulus check in hand but are not sure what to do with it, here is a guide to help. Check out our guide on the best uses for your stimulus checks.

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