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Second stimulus check: Trump and Senate’s COVID results could shift the IRS payment timeline News 

Second stimulus check: Trump and Senate’s COVID results could shift the IRS payment timeline

As COVID-19 spreads among the GOP and President Donald Trump and Republican senators receive treatment for the coronavirus, the timeline to pass legislation for a new relief package and the $1,200 second stimulus checks remains up in the air.

A new coronavirus relief package that includes a second stimulus check and other benefits is considered critical in providing financial aid for large and small businesses and individuals as a result of the ongoing pandemic.

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House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin could reach an agreement on a stimulus package as soon as this week. “I am confident that we will have an agreement,” Pelosi said on MSNBC on Monday. “The timing of it I can’t say because I don’t know.”

Senate Majority Leader Mitch McConnell has suspended Senate votes until Oct. 19, but will give senators 24 hours notice to return in person to vote if a new bill is ready in the next two weeks.

“The president’s committed to getting a deal done, but he wants to make sure that we move expeditiously but also in a fiscally responsible manner,” White House Chief of Staff Mark Meadows told Fox News on Monday.

The situation changes every day, but here are our most educated guesses as to when the IRS might issue the stimulus payments, when and if new legislation passes both the Senate and the House — including who would get priority. You can estimate the size of your check with our stimulus calculator. We update this story frequently…Read more>>

Source:-cnet

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