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The Senate is set to reconvene in just over one week on July 20th.
At that time, they are expected to eventually come to an agreement regarding the details of the next stimulus package.
While some have been hopeful about an agreement being reached on the 20th or sometime very close to that, it’s possible that we may have to wait until the 8th of August which is when the next session is set to end.
Your patience may pay off at this point because there are strong indications that the next stimulus package will contain a second round of direct payments to Americans.
Most Democrats are on board with more stimulus checks and a lot of people in the White House, including the president, seem to be on board as well.
But we still have not heard a lot of specific details from Republicans in the Senate.
Since getting the Republican-controlled Senate on board with more stimulus checks is necessary for more checks to pass, we are still largely in the dark regarding what to expect.
But over the past few days we have heard from some Republican senators, and the consensus seems to be that details are still being worked out.
Texas Senator John Cornyn, a Republican, said that we will get more clarity regarding the next stimulus package whenever Congress returns to Washington after its recess.
“What the components of it are, I can’t tell you completely because there’s been a lot of work behind the scenes on various ideas. We know that a direct payment to individuals was done initially because they needed some financial help,” said Cornyn.
“There are other parts of it that I think we may need to reprogram … some of the money we’ve already appropriated to put it in other places,” added Cornyn.
Republican Senator John Kennedy of Louisiana stated, “If you put a gun to my head and said, ‘Tell me what’s going to happen, give me your best guess,’ I’d have to tell you honestly, I don’t know.”
Kennedy acknowledged that that the Senate would examine another round of direct payments but he did not directly endorse it.
So despite strong support from the White House, Republican senators still are falling short of out right endorsing more stimulus checks.
Perhaps their reluctance is related to some of the talks that have been happening about limiting the eligibility of direct payments to those making around $40,000 per year.
Either way, I think it is an indication that there is still a lot of progress that needs to be made regarding the next stimulus package.
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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.