![]() ![]() "I think we want to make sure that people that are still unemployed or hurting are protected, but at the same time, we want to take into consideration the fact the economy is bouncing back and want to try to contain the amount of spending," Marc Short, Vice President Mike Pence's chief of staff, told Bloomberg Radio on Tuesday. Read more: Buy these 15 stocks that are shielded from COVID-19 fallout and primed to beat the market even as virus cases spike, Evercore says The GOP is seeking to keep it below $1 trillion, which is likely to spark heated debate with Democrats seeking a larger spending initiative. I also think that President Obama will argue that the tax base must still be extended to include more than. ![]() Republicans and Democrats have already clashed on what should be included in another stimulus package and how big it should be. Thom Tillis, have signaled that they're open to targeting it toward people who are financially struggling. According to Treasury Secretary Steven Mnuchin, Americans will start to see the 600 stimulus checks in their bank accounts as early as next week. Some have said it's not needed to boost the economy, while others, like Sen. President Donald Trump has expressed support for a second round of direct payments, but Republicans on Capitol Hill are more split on the proposal. However, Senate Majority Leader Mitch McConnell on Monday opened the door to another stimulus check for Americans with lower incomes, particularly those earning under $40,000 a year. The Post cited four officials familiar with internal deliberations as saying that talks were fluid and that no income cap had been established yet. Nearly 160 million so-called Economic Impact Payments have been sent so far. In March, Congress authorized a wave of direct $1,200 payments for individuals earning up to $75,000 a year, and the size of the check diminished until phasing out for those making above $99,000. It could mean the GOP will seek to lower the income threshold for people to receive a stimulus check from the federal government. ![]() The Washington Post reported on Thursday that congressional Republicans were pushing to scale back government spending in the next economic relief package that's set to be debated later this month. Republicans are reportedly weighing whether to narrow the recipients of a second round of stimulus checks to Americans with lower incomes who are in dire financial straits as a result of the pandemic, limiting who could get extra government cash. But a number of states have approved a fourth stimulus check for their residents welcome. Account icon An icon in the shape of a person's head and shoulders. There likely won’t be another stimulus check from the federal government coming anytime soon. ![]()
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