Lawmakers said that the chance of sending a second round of stimulus checks is still possible and not yet dead. The rejection was only a part of a bigger stimulus package.

Stimulus Check
Reutersconnect

The Democratic lawmakers blocked the Republican-led "targeted bill" last Thursday. However, lawmakers believed that the second round of stimulus checks are still possible and not yet dead. What is not certain is if Senate or Congress will push for a new stimulus package before the election.

The White House and the Republican lawmakers have been pushing for another round of stimulus package after it expired in July. In fact, Pres Trump issued an executive order and other memoranda that financially help the heavily impacted Americans in the country.

Since then, a series of negotiations were done to discuss the new stimulus package, but it was stalled due to disagreements in the package's total amount. The Republican negotiators are pushing for $1 trillion while the Democratic negotiators are pushing for a higher amount.

Recently, Senate Majority Leader Mitch McConnell introduced the "targeted bill" or stimulus package that included aids like an extension of unemployment benefits, freezing of student loans, PPP loans for businesses, and more. However, it falls short to proceed in Congress.

According to some Democratic Senators, one of the reasons why the Republican-led bill was rejected because it did not include the stimulus checks. However, it can also be remembered that Pres. Trump has been urging Congress to release unspent $300 billion and use it for another round of stimulus checks.

The unspent budget is under the CARES Act, which was supposed to be allocated for financially impacted businesses. Still, only a few applied because the economy in the country started to progress slowly. Meanwhile, the $300 billion is more than enough to cover the 160 million Americans who applied during the first round.

Sen. Richard Shelby, a Republican, said, "You never know around here. Sometimes things look bleak, and they're revived, and so forth. We thought the scaled-down version was a good bill, good timing, and everything else. The Democrats obviously thought otherwise. That's all we can do is tee it up and go with it."

Pres. Trump is also looking for legal ways to legally release the $300 billion without asking Congress's approval. Pres. Trump wants to make sure that millions of Americans will receive the financial aids they need amid the global pandemic.

Pres. Trump and his administration is also looking for possible executive actions and want to give more stimulus aids that include the stimulus until the end of this year. In fact, one of the steps Trump made after the rejection of the new stimulus bill is to extend the unemployment benefits for another three weeks. This means that those who applied for unemployment claims will receive $1,800.

Moreover, the majority of people who received stimulus funds or 52 percent, said they used the money to pay down debt, while 32 percent said they saved the money and 15 percent spent their direct stimulus checks, according to a survey.

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