You Might Get A Stimulus Check Really Soon Despite Senate Talks Stalling

In May, the House of Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, which included a second stimulus check for millions of Americans. The Senate was against the $3 trillion price tag on the bill and chose not to pass it. After the chamber's July recess ended, Republican senators presented their own relief package, which also included a stimulus check. However, not only did Democrats have issues with the bill, but many Republicans did as well. Because of all the sticking points, negotiations in the Senate have stalled. This is especially bad news since there is an August recess that begins on Friday and if nothing is passed, it could be months before a stimulus check goes out.

However, there may be another option for getting money to Americans - the White House might take matters into their own hands. According to the Washington Post, the Trump Administration is considering "unilateral action," which would mean using executive powers to bypass Congress and create a law that would provide economic relief. As yet, there is no word on if that law would include a stimulus check and/or an extension to unemployment benefits and/or something else.

Meanwhile, the Senate will continue to debate their own bill. The largest impasse is the Federal Pandemic Unemployment Compensation program, which had been providing an additional $600 per week to anyone receiving unemployment benefits. It has expired and Republicans want to extend it but drop the benefit to $200, while Democrats want it to remain at $600.

Even though the Senate's recess begins on Friday, they might delay the start of it to hash out an agreement. If they do and a bill passes, Americans would see checks go out about 13 business days after that. If they can't come to a consensus however, talks won't resume until early September, and checks might not go out until October, that is, unless Trump does indeed use executive powers to push out a law.

Photo: Getty Images

Sponsored Content

Sponsored Content