The House of Congress has already passed the $2.2 trillion stimulus package. These are the new things that you should know about the new stimulus check. 

(Photo : Reutersconnect)

Million of Americans are still hoping for another round of stimulus checks. If not all, but most are expecting that they will receive the stimulus check to appear in their bank account before the election. Moreover, the most optimistic date to receive the money will be in the week ending October 12. 

In the approval of the new stimulus package, there are chances that you should know. These changes include how quickly you are going to receive the stimulus checks and how these stimulus payments relate to your income taxes. These are the things that you should know, according to CNET:

1. Hospitalization of Pres. Trump Could Change the Timeline

Pres. Donald Trump and First Lady Melania Trump announced on Thursday night that they both tested positive for COVID-19 and this could change the timeline of stimulus approval. On Friday the president was admitted to the Walter Reed National Military Medical Center in Maryland after a report Friday morning that he'd experienced mild symptoms.

Moreover, Pres. Trump tweeted on Saturday and wrote "OUR GREAT USA WANTS & NEEDS STIMULUS. WORK TOGETHER AND GET IT DONE. Thank you!" Pres. Trump urged both chambers to support the new stimulus bill. It is a sign of urgency in the context of his illness. 

Meanwhile, negotiators -- House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin -- have been continuing talks and appear to be closer to a deal than they've been in weeks. 

2. A New Bill Has Passed, This is What It Means

The new bill has included direct stimulus payment, $600 weekly unemployment benefits, funding for airlines, and restaurants. However, this is still very critical because this is not yet a law. Only a bill that passed the House of Congress.

There is another negotiation underway with strong bipartisan support. This negotiation if could reach a deal will ultimately change the legislation and the fate of new stimulus checks

If both chambers will support the new stimulus negotiation that is underway, then it could become law. However, if they will not be successful Pres. Trump could issue an executive order that will mandate the release of stimulus checks and other relief aids. 

3. Both Parties Want to Send $1,200 Stimulus Checks

President Donald Trump, Republicans, and Democrats want to send another round of stimulus checks, PPP loans, unemployment benefits, and more. All stimulus proposals coming from either Republicans or Democrats included these relief measures. 

4. IRS Ensures to Send the Money Quickly

The Internal Revenue Service sent the stimulus checks in within 19 days during the first round. However, many until today are still waiting. It is either they did not update their IRS information with bank account information or did not file their taxes. 

Despite this, the U.S. Treasury Secretary Steven Mnuchin said that he could send the stimulus money faster this time. He said, "I could get out 50 million payments really quickly and start sending the money a week after a bill is signed." 

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