There May Be a $1 Trillion Stimulus Package in the Works
Americans have been desperate for financial relief ever since the COVID-19 pandemic began wreaking havoc on the U.S. economy, plunging it into a recession. For months, in fact, there's been talk of a second stimulus check to follow the first round of payments that went out under the CARES Act.
In April, Americans began receiving their initial stimulus cash to the tune of up to $1,200 per eligible adult plus $500 per qualifying dependent. But many feel that a single stimulus check isn't enough given the extreme nature of the financial crisis our nation is facing. As such, lawmakers have been advocating for additional stimulus cash -- and so far, they've gotten nowhere.
In May, Democratic lawmakers introduced the HEROES Act, a $3 trillion relief package that calls for additional stimulus checks that would, for some families, be even more generous than the first round. But unfortunately, the HEROES Act has been stalled in the Senate and is unlikely to receive a passing vote, as Republicans, who control the Senate, have made it clear that it's too expensive.
Source Fool.com
