Treasury Secretary Steven Mnuchin confirmed that President Donald Trump remained committed to send a second round of stimulus checks before the election. 

(Photo : Reutersconnect)
U.S. President Donald Trump speaks during a campaign rally at Cecil Airport in Jacksonville, Florida, U.S.

Trump has remained committed to send direct stimulus checks to millions of Americans, and he wanted to include it in the next stimulus package. The President wanted to make sure that Americans, especially those heavily affected by the pandemic, will receive the relief aid they need.

Mnuchin recently said before the House Financial Services Committee: "The president and I remain committed to providing support for American workers and businesses. I believe a targeted package is still needed and the administration is ready to reach a bipartisan agreement." 

Mnuchin further noted that Trump wanted to send the same amount or even larger. An amount of $1,200 for individuals, $2,400 for those who jointly filed their taxes, and $500 for dependent payments.

It is not only the Treasury Secretary and Trump who push for the second stimulus package, but also Federal Reserve Chairman Jerome Powell, who testified before Congress and asked lawmakers to act on the second round of relief aid. 

Powell said: "Both employment and overall economic activity, however, remain well below their pre-pandemic levels, and the path ahead continues to be highly uncertain. The downturn has not fallen equally on all Americans. Those least able to bear the burden have been the most affected."

Most well-known economists in the country also believed that there is a need for the next round of stimulus payment. They said it is one of the ways on how to regain the economy in the country. They noted that PPP loans for businesses would help the country's economy moving again.

The tension going on within Democratic members' rank in Congress is giving pressure to Democratic House Speaker Nancy Pelosi to work on a deal on the next stimulus package. It all started when over 100 Democratic representatives sent a letter to Pelosi and asked her to act on a new coronavirus relief bill.  

A strong bipartisan group even drafted their stimulus bill that worth around $1.5 trillion that includes stimulus checks that were passed in the House. Now, Pelosi is already thinking that a deal on the next stimulus bill must be reached before the election.

The call for the second round of stimulus payments is growing as the election nears. The Democratic representatives for reelection and are in a tight race ask Pelosi to act immediately. They are afraid that voters will blame them for not working on the next stimulus payment. 

It is still not clear as to when Congress will approve such legislation. However, many lawmakers already said that they would make sure to reach an agreement before the election.  

Despite all these circumstances, Trump is taking all possible ways to deliver the needs of Americans. He recently gave $14 billion to farmers, $5 billion to schools, and is also looking for legal ways to use the unspent $300 billion under the CARES Act to send new stimulus checks to Americans.

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