With the US unemployment rate appearing to drop in May leaders in the White House and Congress are deliberating a second stimulus package and its impact on the US economy. In one camp are supporters who insist another round of checks will be necessary to help people who are struggling from job loss as a result of illness and business closures. On the other are those who believe that reopening the economy will encourage people to return to work and to the usual flow of daily life.
When will the government decide if there will be Second stimulus check?
There’s no set timeline for deciding if a second stimulus payment will occur. Senate Majority Leader Mitch McConnell has said Congress may decide in the next few weeks if it will take up another round, CNBC reported in late May 2020, with the bulk of the work happening in July (read more).