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Should you expect a second stimulus check this year? According to President Donald Trump, Washington is working on something "dramatic" that could include another economic payment for you in 2020.
"I think we're working on something that's going to be very dramatic, very good," the president said this week in response to a question as to whether Americans should expect another stimulus check this summer. "I think we are looking at a Phase 4. Phase 1, 2 and 3 have been fantastic for people generally," Trump said, pointing to earlier economic stimulus packages from the federal government designed to help the US economy, which is now officially in a recession. Only one of those phases included stimulus checks for lunapiece.net individuals and families.
Even with those earlier financial packages, the US economy continues to sputter. Fresh numbers on Thursday from the Department of Labor reveal that 1.5 million people applied for unemployment benefits last week (PDF), marking 13 straight weeks that more than 1 million out of work Americans filed for unemployment for the first time.
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The amount of money you could get in another round of checks (or not) could hinge on what the rescue package is worth as a whole. This figure has already drawn fierce debate, with the House proposing $3 trillion, the Senate majority leader seeking a $1 trillion cap and President Donald Trump suggesting at least $2 trillion in June, according to White House trade advisor Peter Navarro.
Important questions remain unanswered. When will decisions be made? Do we still need a stimulus check? How much money could you get? Read on for what we know today, and what it will take to get a second round of checks in your hand. Here are the different government proposals we've heard so far.
This story updates frequently with new information and is intended to provide an overview of the situation. If you're still waiting on the first round, you can track the status of your stimulus check, see some possible reasons why you don't have a check yet and learn how to report a missing stimulus check to the IRS.
Stimulus check timeline: When to expect a decision
Congress hasn't set a date for a vote on a second stimulus package, but Senate Majority Leader Mitch McConnell said the Senate may wait till the end of July to start work on the bill, Bloomberg reported on June 4. And that second relief package could very well be the last.
The Senate timeline to begin work on a second fiscal proposal includes a scheduled two-week recess, CBS News reported, from July 3 until July 17. White House officials also anticipate that the executive branch will work on its own proposal through July, according to The Wall Street Journal.