Second stimulus check: Could a deal bring you a payment this year? Nancy Pelosi says she believes so - PennLive

Another day brings more economic stimulus news as many Americans await needed payments as they struggle to make ends meet.

Republicans and Democrats have both been in agreement that payments are needed, but they have not been able to come together on the finer points of an agreement that would make that happen. And, while initial projections had Americans receiving stimulus money by now, the question has quickly become whether or not a deal would get done for payments to hit bank accounts before the end of the year.

Well, Sunday House Speaker Nancy Pelosi said she believes another stimulus package is possible. Her comments came as House Democrats push forward on a slimmed down aid package that CNBC said would cost about $2.4 trillion. That package, the website said, would be around $1 trillion less than the Democrats' initial proposal.

The problem, however, is that number is still more than the Trump administration appears willing to accept, the report said.

The first round of stimulus checks went out in March and paid most individual Americans $1,200. And, if looked like, just months ago, that a second would be on the way, but negotiations began to unravel in August.

CNBS said, however, the chamber could vote on a bill as soon as next week, and that this most recent proposal would include “unemployment benefits, direct payments to Americans, Paycheck Protection Program small business loans and aid for airlines.”

CNBC said Treasury Secretary Steven Mnuchin previously signaled that the administration would not approve a plan above $1.5 trillion. Pelosi has, reportedly, consistently pushed for that number being increased by, at least, $1 trillion.

“When I have a conversation with the administration, it is in good faith,” Pelosi told CNN. "I trust Secretary Mnuchin to represent something that can reach a solution, and I believe we can come to an agreement.

“However, at some point, the public is going to have to see why $2.2 or now $2.4 trillion dollars is necessary,” she added. “The president’s denial of the virus and just resistance to doing anything to crush it has made matters worse. So, we may need more money than that. And, we will reveal what this is in a short period of time.”

Earlier this month, CNBC reported, Senate Republicans “failed to advance a $500 billion aid package” due to Democratic objections that centered on state and local government relief and food assistance.

Pelosi’s words Sunday come days after Mark Cuban, the billionaire owner of the Dallas Mavericks, suggested a plan that would pay Americans $1,000 every two weeks for two months. That plan, Cuban said, would stipulate that the money would have to be spent within 10 days of receiving it or lost. He said that would serve to energize the economy.

While that is not an official plan it certainly looked interesting.

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Second stimulus check: Could a deal bring you a payment this year? Nancy Pelosi says she believes so - PennLive
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