Another round of stimulus payments could be distributed to people earning less than $40,000, Senate Majority Leader Mitch McConnell has said.
Speaking at the White House during an interview, President Donald Trump said Tuesday that Americans can look forward to another round of stimulus checks before the end of the year.
Data for Paycheck Protection Program beneficiaries was released to the public by the Small Business Administration on July 6.
As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.
President Trump also said he wants payments larger than the $1,200 the government sent to most individuals earlier this year.
President Trump signaled this week that he supports sending a second round of direct cash payments to Americans still reeling from the coronavirus pandemic and subsequent economic lockdown.
The legislation authorizing the payments during the pandemic doesn’t specifically exclude jail or prison inmates, and the IRS has refused to say exactly what legal authority it has to retrieve the money.
The president brought up the “Explore America” Tax Credit during a White House roundtable last month.
Earlier this week, Treasury Secretary Steven Mnuchin suggested the Trump administration was considering sending Americans another round of stimulus checks to offset the financial pain caused by the coronavirus pandemic and the related economic lockdown.
The Trump administration on Tuesday warned nursing homes that they will face repercussions for unlawfully seizing economic impact payments from seniors.
An unexpectedly strong jobs report makes it appear unlikely that Americans will see a new coronavirus aid bill -- or a second IRS stimulus check.
Instead of direct deposit or even a paper check, four million people will find their stimulus payment arrive in the form of a prepaid debit card.
A Change.org petition aimed at getting 2020 presidential candidate and former Vice President Joe Biden to publicly endorse a “universal basic income” of $2,000 per month for every U.S. resident.
The IRS is adding 3,500 phone representatives to handle a flood of calls from taxpayers waiting for their stimulus checks.
The Federal Trade Commission learned some nursing homes have been trying to take stimulus checks from residents who use Medicaid.
The IRS and the U.S. Treasury Department will begin sending economic stimulus payments on preloaded debit cards this week, the Trump administration said on Monday.
The outlook is hazy for a second cash payment for Americans who have been impacted by the coronavirus pandemic.
Typically, the earliest Americans can start collecting Social Security benefits is at 62
President Trump said Monday his administration is considering a second round of coronavirus stimulus payments.
If taxpayers don't provide their direct deposit information by noon on May 13, they'll have to wait to receive their payment by mail.