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Likelihood of a 2nd Stimulus Check Before Biden Takes Over?


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    What do you think the likelihood is that Congress and President Trump will be able to come to an agreement on another round of stimulus checks before President-elect Biden is sworn in next January?

    To be honest, my views on this have changed significantly over the past week or so. I initially thought that no matter what happened, cooler heads would prevail after the election and a compromise could be had. Now I'm not so sure.

    With President Trump contesting the election and Republican lawmakers (mostly) backing him up or simply staying silent, I don't see how the two sides can come together and pass a massive stimulus bill before this session of Congress ends on January 3, 2021.

    Not just that, but both sides have a valid reason to assert that the voters are on their side. The Democrats can say that the American people overwhelmingly chose President-elect Biden while the Republicans can point to gains in the House and retaining (for now) the Senate.

    What that means, I fear, is that nothing is going to get done before President-elect Biden is sworn in. Even then, I don't see the type of stimulus that economists are calling for anytime soon. Maybe (hopefully) I'll be proven wrong, but I just don't see anything major happening anytime soon.

    What do you think? Am I just being overly pessimistic or do you also think that the likelihood of a new round of stimulus checks anytime soon is pretty low?

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    I guess its pretty low too. Mainly because I see Trump and CO litigating the election results for at least a few weeks. If not a month plus. And that will likely take center stage and take up most of congress' attention and time. Regardless of if anything comes from it. But if anything does come from it, its even more likely to get held up.

    I would like to think they could do both. But we don't have the greatest track record of that.

    Would give it like an 80/20 likelihood of not happening. But there is still a chance. I'm also curious.. once Jan 20th rolls around and Biden takes office, how long will it take then, if it doesn't happen before? I wonder if Biden tries to get it done first thing, or where it falls on his list of first things to do.. his first 100 days in office plan.

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    WyattTown Wrote:

    Would give it like an 80/20 likelihood of not happening. But there is still a chance. I'm also curious.. once Jan 20th rolls around and Biden takes office, how long will it take then, if it doesn't happen before? I wonder if Biden tries to get it done first thing, or where it falls on his list of first things to do.. his first 100 days in office plan.

    I don't think it will be at the tip top of his priority list. I think the first thing is to establish a more solid health protocol. He's been leaning a lot on a plan for recovery, and I think half of that is to roll out a plan for a vaccine.

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    I'm happy to see that I was proven wrong. This money, while woefully inadequate in my opinion, is better than nothing at all.

    Now I just hope there aren't nearly as many hiccups as there were sending the first round of checks out. Hopefully the IRS and Treasury worked out all the kinks and can get this money out to the people ASAP.