Second stimulus check: Where we stand as July begins - FOX21News.com

WASHINGTON (NEXSTAR) — Senate Majority Leader Mitch McConnell said this week the Senate will consider a new stimulus package in July but some fear a new jobs report could derail any plans for a second round of economic relief payments to Americans.

With an employment growth trend in place, many analysts feel lawmakers might move past a second round of stimulus checks pointing to early signs of an economic recovery.

Nevertheless, President Donald Trump recently suggested a â€œvery generous” second round of relief may be on the way.

“We will be doing another stimulus package,” President Trump said in a late-June interview.

You’ll find out.” Trump added that he thought the relief funds would receive bipartisan support and could be announced “over the next couple of weeks.”.

According to comments made this week by McConnell, we should get a better idea of a relief timeline before the end of the month.

“As you’ve heard suggested, I said back in March we would take another look at this… probably in July… take a snapshot of where we are, both on the healthy front and the economic recovery front, and decide at that point what needs to be done further,” McConnell said on Tuesday.

“This political theater is the opposite of the serious Senate approach that built the CARES Act,” McConnell said in a statement on Tuesday.

In late March, President Trump signed a stimulus package into law that included one-time payments of up to $1,200 for eligible Americans.

As the weeks have turned into months since the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed, many Americans are wondering if, and when, a second check or prepaid debit card will arrive as the pandemic continues.

Larry Kudlow, who serves as director of the White House National Economic Council, told Fox News Business he thinks “tax rebates or the direct mail checks” are being considered, but he said he believes the government should target out-of-work Americans.

He added President Trump is considering deductions for restaurants, entertainment, tourism and sightseeing.

When pushed, Kudlow said he thought the tax rebates or direct mail payments “are on the table” but qualified the statement by saying that they are still in a “pre-decisional” phase