Stimulus package update, Lawmakers set goal for agreement

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. UponArriving has partnered with CardRatings for our coverage of credit card products. UponArriving and CardRatings may receive a commission from card issuers. 

The time is ticking on the passage of next stimulus package.

There is a self-imposed deadline of August 7 that lawmakers have been working with but it’s not clear that anything will pass before that date.

According to Treasury Secretary Steven Mnuchin the goal now is to simply just reach an agreement by the end of the week.

“We are pleased to report that although we still have a lot of open issues — I just want to be very clear, we’re not at the point of being close to a deal — but we did try to agree to set a timeline that we’re going to try to reach an overall agreement, if we can get one, by the end of this week, so that the legislation could be then passed next week.”

“We’re going to work around the clock the next few days to see if we can bridge the issues. Some issues we’ve been able to agree on, some significant issues are still open,” Mnuchin said.

We know that some of the big outstanding issues are unemployment benefits, aid for schools and local governments, an eviction moratorium, and liability protections.

At this point, I think it would be safe to say that the second round of stimulus checks is pretty much a guaranty.

House Speaker Nancy Pelosi also confirmed Democrats interest in getting to an agreement.

“We agree that we want to have an agreement. And in that case, we then say, that’s our goal — lets engineer back from there as to what we have to do to get that done.”

Despite the big issues that still have to be worked out, it sounds like some concessions have been made on either side which points to real progress being made.

Senator Chuck Schumer stated, “They made some concessions, which we appreciated; we made some concessions, which they appreciated.”

Mitch McConnell also expressed his willingness to get something done even if certain parts were problematic.

“Wherever this thing settles between the President of the United States and his team that have to sign it into law and the Democrats, a not-insignificant minority in the Senate and majority in the House, is something I’m prepared to support, even if I have some problems with certain parts of it,” McConnell stated.

So it’s starting to sound like an agreement might be made by the end of this week which would mean that this would likely pass sometime next week.

According to White House representatives, the next round of stimulus checks could go out within a week of the bill becoming law so it is starting to look like some checks might hit as soon as mid-August with the bulk of them probably hitting early September.



Next stimulus package might be on hold, here’s why

Stimulus check update (August recap)

Senate is making progress on next stimulus package

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.


  1. They should of had an agreement several weeks ago before the unemployment lapsed, we are now back to struggling our bills and on the verge of losing our homes.

    1. Seems to me all Republicans care about is the rich and could care less about us. They’ve bemonstrated this behavior time and,again. We’re in a real bind for a second stimulous check and they are interestes in helping the rich only. Funny how orher countries are containing the virus and are getting back to normal, while the numbers continue to rise in this country. Chump won’t wear,a mask so people think they don’t have to eirher. He has done a piss poor job. I say DUMP CHUMP!!!

Leave a Reply

Your email address will not be published. Required fields are marked *