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Second Stimulus Check News – Week of October 19

Second Stimulus Check News Week of October 19

Negotiations on the new economic rescue, and with it a second stimulus check, continue to stall. Thus the news this October 18.

The chances of having a new economic rescue with relief for the coronavirus before the elections next November 3rd are increasingly scarce, because it has been five months since the negotiations between Democrats and Republicans began, however, until now, the results continue to be null.

For her part, the leader of the House of Representatives, Nancy Pelosi, continues to be reluctant to sign an agreement of less than $2.2 trillion, a figure that has been rejected and criticized on several occasions by the Republicans because the country is already in great debt thanks to the approval of the old CARES Act.

However, in order to gain more acceptance in the face of the presidential elections, White House leader Donald Trump mentioned that he was willing to sign a package greater than the 2.2 billion proposed by the Democrats, although of course this would be rejected by the Senate Republicans who have proclaimed themselves against a bailout of such magnitude on several occasions.

Second Stimulus Check: Possible Approval, Payment and Eligibility Dates | Week of October 19

Currently, Republicans are working on a new $500 billion stimulus package, however, this would not include a second stimulus check. Of course, this proposal will most likely be rejected by the Democrats in Congress because of its narrow scope, as Republicans previously introduced the lightweight version of the HEALS Act, which was $500 billion and quickly blocked by the Democrats.

In fact, McConnell plans to put this $500 billion package to a vote in the Senate, with the main goal of keeping the Paycheck Protection Program in place. “My members think that the highly targeted half a trillion dollars is the best way to go,” the Senate majority leader said, although he did not rule out the possibility of supporting a larger package.

Can you get a stimulus check without a Social Security number?

It is important to know this information to know if you should demand this economic support.

Under the CARES Act, which passed in March, all U.S. citizens with a Social Security number who live and work in the United States were eligible to receive stimulus checks. This includes people with green cards and workers using visas such as H-1B and H-2A.

If your citizenship status has changed since you first obtained your Social Security number, you may need to update your IRS records to get your check through the Non-Filers tool.

If you do not have a valid Social Security number, then you were not eligible to receive a stimulus check under the CARES Act, and it is unlikely that you will be eligible for a second payment if authorized.

If you filed a tax return, but do not have a Social Security number, you would still not be eligible.

$1,200 aid unlikely to be approved before the election

Although negotiations between the Trump Administration and Congress continue. A week ago, Treasury Secretary Steven Mnuchin doubted that an agreement on the new coronavirus stimulus package would be reached before November 3, despite continuing negotiations.

However, that position extends to other sectors besides the government, since a report by ABC News indicates that Wall Street analysts remain skeptical that Congress will reach an agreement, taking into consideration Mnuchin’s words.

House Speaker Nancy Pelosi (California) gave the Trump Administration 48 hours to make a decision on the plan because talks are stalled.

“There remain a number of additional differences as we move forward in disposition … that must be addressed in a comprehensive manner in the next 48 hours,” said Drew Hammill, a spokesperson for Pelosi. “The White House must make decisions to demonstrate that the Administration is serious about reaching a bipartisan agreement that will provide assistance to Americans in greatest need during the pandemic.

The Democrat is pushing for funding for state and local governments and a national plan for COVID-19 detection and tracking.

Secretary Mnuchin acknowledged that there have been complicated discussions over the plan that would be between $1.8 billion proposed by the Trump Administration and the $2.2 billion advocated by Pelosi.

“We’re going to keep trying,” Mnuchin said. “I don’t want to say it’s not likely, but there are significant problems.

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