The approval of a new economic rescue, and with it, the arrival of a second stimulus check, could be delayed until next October.
Last March, the American government approved the CARES Act, the largest economic rescue in the history of the country, to address the labor and economic crisis unleashed by the coronavirus outbreak. One of the main benefits included in the package was the distribution of a $1,200 stimulus check.
According to the most recent report from the U.S. Department of the Treasury, about 160 million citizens received the first stimulus check payment in a timely manner; therefore, the arrival of a second check has raised the expectations of millions of beneficiaries.
Because the benefits of the CARES Act have ended, Congress is working on negotiations for a new economic bailout, but negotiations are currently stalled as the Senate is in recess, not to mention that Republicans and Democrats have failed to reach a bipartisan agreement.
Second Stimulus Check: Approval of Second Package May Be Delayed Until October
According to the most recent reports, it is estimated that the approval of a new economic rescue, and with it the arrival of a second stimulus check, will be delayed until next October; because the Senate returns from its recess until next September 8, which means that, solving the details of the economic package and reaching an agreement would take until the end of the month, so the legislation would go into effect until October.
Of course, there is a possibility that legislators will be called to the Senate before September 8 to vote, as long as there is a bipartisan agreement, however, neither the Senate nor the House of Representatives see this as a viable option due to the lack of consensus.