Friday, 15 May 2020

White House likely to back second round of stimulus checks, according to report

stimulus checksJeff Fusco/Stringer

  • The White House would likely back another round of coronavirus stimulus checks, two senior administrative told CNBC on Thursday.
  • In a statement to CNBC, the White House did not immediately confirm the report.
  • "As President Trump has said, we are going to ensure that we take care of all Americans so that we emerge from this challenge healthy, stronger, and with economic prosperity, which is why the White House is focused on pro-growth, middle class tax and regulatory relief."
  • This reported approval comes ahead of a House vote on a follow-up coronavirus bill, the HEROES Act, which includes a second round of stimulus checks for US residents.
  • Senate Republicans were quick to express disapproval of the HEROES Act, with Senate Majority Leader Mitch McConnell calling it a "big laundry list of pet priorities" and that it has "no chance of becoming law."
  • Visit Business Insider's homepage for more stories.

The White House would likely support a second round of coronavirus stimulus checks, contrary to Senate Republican disapproval, CNBC reported Thursday, citing two senior administration officials.

In a statement to CNBC, the White House did not immediately confirm the report, but said, "As President Trump has said, we are going to ensure that we take care of all Americans so that we emerge from this challenge healthy, stronger, and with economic prosperity, which is why the White House is focused on pro-growth, middle class tax and regulatory relief."

See the rest of the story at Business Insider

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SEE ALSO: Democrats just unveiled a new coronavirus stimulus bill that includes $500 billion to prevent teacher and firefighter layoffs, a Postal Service rescue, and $1,200 checks for Americans



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