We’ve heard a lot of new details regarding a second stimulus package and even one more round of direct payments to Americans but a lot of the new details have been pretty open to interpretation.
And in other instances the details have been flat out pessimistic or negative, with Republicans dismissing the idea of more checks.
But President Trump just revealed some pretty clear details that signal that more stimulus checks will likely be happening.
When asked in an interview with Scripps (local TV news) whether he’s going to give Americans another round of checks, Trump responded: “Yeah, we are. We are.”
When asked how much money it will be, he simply responded, “You’ll find out about it. You’ll find out.”
He also claimed that the next stimulus package will be “very generous.”
A White House official told NBC News that a new round of direct payments is “part of something the economic team is studying,” but added, “No decisions made yet.”
Since the past couple of months this has been the clearest signal from the president and from the White House that more stimulus checks are coming.
At every interview to this point, the president has stopped short of fully committing to more checks but now he has just made the commitment, per NBC.
While the final decisions have not been made (and those decisions must also come from the Senate), it looks more likely than ever that more checks will be going out.
Related reading: Who will be eligible for a second round of stimulus checks?
The big question is will the amount be the same that was proposed in the HEROES Act? And will the changes to eligibility stick?
Regardless of the amount and eligibility, I think we can expect is to probably go out in August or early September based on precedent.
It sounds like we will not know for another couple of weeks so be sure to subscribe for updates so that you’ll be the first to know!
H/T: NBC News
UponArriving has partnered with CardRatings for our coverage of credit card products. UponArriving and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Daniel Gillaspia is the Founder of UponArriving.com and creator of the credit card app, WalletFlo. He is a former attorney turned full-time credit card rewards/travel expert and has earned and redeemed millions of miles to travel the globe. Since 2014, his content has been featured in major publications such as National Geographic, Smithsonian Magazine, Forbes, CNBC, US News, and Business Insider. Find his full bio here.