More Relief Coming! $1200 Aid Checks Coming By August

The White House and Senate Republicans have been working to finalize a coronavirus relief package over the weekend. Treasury SecretarySteven Mnuchintold reporters on Saturday that a new COVID-19 aid package is on its way. 

Mnuchin said he expected any remaining issues to be "resolved" before Republicans introduce their package today. The package is expected to include $105 billion for schools, $16 billion in new testing money, more flexibility for how states and local governments can use $150 billion appropriated by Congress in March and a five-year shield from coronavirus lawsuits except in the cases of gross negligence or intentional misconduct.

He also said that a second round of $1,200 stimulus checks will be coming in August. What won't be in this new package is an extension on the $600 per-week of unemployment benefits from the March bill. Mnuchin called that "ridiculous" and said it was a disincentive for people to go back to work. 

Source: AP NEWS