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President Trump continues to be vocal about larger stimulus payments to Americans.
“Why isn’t Congress giving our people a Stimulus Bill? It wasn’t their fault, it was the fault of China,” he said.
“GET IT DONE, and give them more money in direct payments.”
His support for larger stimulus checks is interesting because we heard from insiders that his advisers were asking him to not push for $2,000 stimulus checks because they felt that it would torpedo negotiations.
That could be one reason why President Trump did not include a specific amount in his comments but his push for larger stimulus checks at this point would still be cutting against the likely outcome and thus not furthering negotiations in the favor of Republicans.
So it is interesting that he is still being so vocal.
It is expected that the new stimulus checks will come out as $600 direct payments to individuals. And it’s possible that we could see a vote take place today and the stimulus bill finalized by the end of today.
I’m not sure how much weight Trump’s comments have at this stage of negotiations. (It doesn’t seem like much.)
Trump is not the only one pushing for larger stimulus checks as several other Democrats and even some Republicans have pushed for larger checks.
Unfortunately, it does not seem like they have been able to round up the numbers to support these larger checks so I would not be expecting it.
The majority of reports coming out of Congress seem to indicate that a $600 too $700 stimulus check is the likely outcome here.
The biggest issue right now is the dispute over the Federal Reserve right now.
This issue recently appeared but it is proving to be a pretty substantial disagreement and one that will have to be worked out by the end of today with some lawmakers don’t even think is possible.
But hopefully members of Congress can put their differences aside and can get to you about today so we at least can look forward to support coming as we move into 2021.
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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.