As the holidays approach and the COVID-19 pandemic continues to cause economic uncertainty, many Americans are asking: “Have they come to an agreement on the stimulus check yet?” The answer, unfortunately, is complicated and constantly evolving.
To recap, the first stimulus check was issued earlier this year as part of the CARES Act. This provided eligible Americans with up to $1,200 for individuals and $2,400 for married couples, as well as an additional $500 per qualifying child. However, since the expiration of these benefits in July, Congress has yet to pass another stimulus package.
Negotiations have been ongoing between Democrats, who are pushing for a larger package that includes another round of direct payments, and Republicans, who have been focused on a more targeted approach that prioritizes aid to businesses and the unemployed. Meanwhile, the clock is ticking as the end of the year brings the expiration of key provisions like eviction moratoriums and the Paycheck Protection Program.
As of this writing, there is still no clear resolution on when or if another stimulus check will be issued. However, both sides have expressed a willingness to compromise, and a package may be passed before the end of the year. Some reports suggest that a potential compromise could include direct payments of around $600 per eligible individual, along with additional funding for small businesses, unemployment benefits, and other forms of aid.
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