Get ready for another $1,200 stimulus check in August

• Trump administration officials offered a major stimulus check update over the weekend, promising among other things to unveil a new coronavirus relief bill on Monday that includes funding for a new round of $1,200 stimulus checks.
• Treasury Secretary Steve Mnuchin said the new stimulus checks would be sent out to most people in August.
• The full Senate still needs to vote on a coronavirus relief bill, which would then be reconciled with a version from the House of Representatives.

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The Trump administration gave reporters a heads-up this weekend that Senate Republicans will be formally unveiling their long-awaited new coronavirus relief package on Monday, one that has full support from President Trump -- and which will include funding to support a new round of $1,200 stimulus checks that people will start receiving in August.

That's according to US Treasury Secretary Steve Mnuchin, who told reporters "we're prepared to move quickly" while offering updates on some major cornerstones of the aid package, which will still need to be voted on by the full Senate and somehow reconciled with the Democrat-led House of Representatives. Which may be easier said than done, considering Mnuchin also this weekend blasted as "ridiculous" the $600/week in extra unemployment aid that the newly jobless have been receiving, lamenting that the money disincentivizes people to get back to work.

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Get ready for another $1,200 stimulus check in August originally appeared on BGR.com on Sun, 26 Jul 2020 at 22:07:24 EDT. Please see our terms for use of feeds.

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