Tag: Checks

Direct $1,200 checks to Americans, boosts to small business loans in new $1.5 trillion stimulus bill

A few dozen centrist lawmakers rankled by the collapsed COVID-19 stimulus talks and lack of relief to Americans will try to prod Democratic and Republican leaders and the Trump administration back to the negotiating table with a new $1.5 trillion package.

One of the most popular and bipartisan-backed provisions in previous packages, direct checks of at least $1,200 to American taxpayers, is included in the new plan from the 50 members of the House Problem Solvers Caucus, The New York Times reported Tuesday.

For more on previous proposals including stimulus checks, read here.

The Problem Solvers’ offering comes a week after the latest $500 billion GOP plan was blocked by Senate Democrats, who derided the package as inadequate in the wake of an unprecedented public health and economic crisis. It also follows a series of stalled talks and false starts since the spring as Democratic and Republican proposals have

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Stimulus checks: President Donald Trump floats an idea that he hopes could speed up payments to Americans in need of cash

President Donald Trump floated an idea Friday that he hopes might help speed up stimulus payments to Americans in need while Republicans and Democrats continue to be at an impasse regarding a deal that would provide a second relief package for the country.

Trump’s idea?

According to the New York Post, he urged Congress Friday to approve stimulus checks “by redirecting $300 billion in unused coronavirus pandemic relief funds.”

The Post said Trump said he considered redirecting the funds himself, “but prefers for Congress to approve the idea.”

“We have $300 billion ready to go, all Congress has to do is say, ‘Use it,’” the Post reported he said at his press briefing. “I’d like to use it without their permission, but I guess I’m not allowed to.”

The report said Trump didn’t specify where that $300 billion would come from, exactly, but speculated that he was referencing unused

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The Week in Business: Where Are the $300 Checks?

The French call it la rentrée — the ramp-up period after summer holidays end, when school starts and that buzzy September energy hits the air. To call this season different is an understatement, but rentrée we shall, as best we can. Here’s what you need to know in business and tech for the week ahead.

New unemployment claims remain stubbornly high, hovering over 1 million for the second week in a row. (The number briefly dipped below that level earlier this month for the first time since the pandemic began, but then the trend reversed.) What’s particularly worrisome is that federal aid to the unemployed all but disappeared at the end of July. Earlier this month, President Trump promised an additional $300 in jobless pay, but those checks may not show up until mid-September in many states.

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