Expected SOON $1200 Checks?! Second Stimulus Check Update | Summary and Q&A

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August 10, 2020
by
Brian Jung
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Expected SOON $1200 Checks?! Second Stimulus Check Update

TL;DR

Negotiations for the second stimulus package are ongoing between Republicans and Democrats, with disagreements on various aspects such as funding for state and local governments and the unemployment boost amount.

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Questions & Answers

Q: What memorandums and executive order did President Trump sign?

President Trump signed three memorandums and one executive order, focusing on various aspects such as unemployment benefits and student loan assistance.

Q: Are negotiations between Republicans and Democrats getting more heated?

Yes, debates between the two parties have become more intense, although they are still open to negotiations and coming to the table.

Q: What is the current difference in the proposed stimulus package amounts?

The Democrats' version, the Heroes Act, is at three trillion dollars, while the Republicans' version, the HEALS Act, is at one trillion dollars. Both sides need to compromise and find a middle ground.

Q: What is the biggest area of concern in the negotiations?

The biggest obstacle is funding for state and local governments, with Democrats arguing for additional funds and Republicans questioning the management of finances in some states.

Summary & Key Takeaways

  • President Trump signed three memorandums and one executive order, but there are doubts about whether they will all go through.

  • The biggest area of conflict between Republicans and Democrats is funding for state and local governments.

  • Both parties have not been willing to compromise on certain aspects, hindering progress in negotiations for the next stimulus package.

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