As June draws to a close, it's clear that work on a second stimulus check, if it happens at all, will begin in July. Senate Majority Leader Mitch McConnell has been saying it for weeks, but there's more to the story than a timeline -- a not-so-simple timeline at that. There's still the question of when next month a decision will be made. And the date you can expect to see your check is up in the air. Consider for a moment that the IRS began sending out the first stimulus checks in mid-April and still hastens of millions more to go.
On Tuesday, Treasury Secretary Steven Mnuchin and Federal Reserve Board Chair Jerome Powell are scheduled to testify before the House of Representatives about the US economy and are expected to talk about a possible second stimulus package. But none of that will matter if the Senate doesn't pick up the conversation soon -- there's more about that schedule below.
For millions of people struggling to make ends meet, July is cutting it close,with rent due in days, the extra $600 in enhanced unemployment benefits set to end and other coronavirus benefits like federal eviction protections scheduled to expire. It isn't clear that the same people who qualified for the first $1,200 check would be eligible for the second.
Hear “Cleveland’s Morning News with Wills and Snyder” weekdays 5 a.m. to 9 a.m. www.wtam.com/listen