We look at the Cares Act for insight into how long it would take for a second check.
Senate Leader Mitch McConnell (R-KY) is set to unveil a bill that he has negotiated with Treasury Secretary Steven Mnuchin in the coming week.
With just 15 business days before the Senate takes its recess, it’s a short window to reach an agreement with Democrats. There are early indications that a variety of competing interests, from unemployment benefits to state aid, will take a lot of negotiation to reach a consensus.
And just yesterday, we learned that the President wants to block funding for virus testing and the Centers for Disease Control. This introduces another point of conflict, this time between the President and members of his own party within the Senate.
But let us assume that, given the historic nature of the pandemic, its impact on the economy and the financial health of ordinary Americans, our legislators are able to pass a bill before their next recess – how soon could you get a second stimulus check?
It all depends on the day the bill is signed into law by the President.
