Stimulus check 2: Biden says 'fear' of Trump is causing stalemate

(Image credit: Alex Wong/Getty;JIM WATSON/Getty)

President-elect Joe Biden on Monday chosen on lawmakers to pass a sweeping stimulus relief package closer in telescopic to the original $3.four trillion HEROES Deed that Business firm Democrats passed in May. The bill included a second circular of $1,200 checks, small-business loans and aid to state and local governments, among other measures, including stimulus check 2.

Senate Republicans have said there's no chance of such a proposal passing. Up until the election, House Speaker Nancy Pelosi (D-California) and Treasury Secretary Steven Mnuchin were working toward a consensus in the range of $two trillion — in line with the revised HEROES Act that passed the House in October.

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Biden has suggested that Republicans' resistance to sending billions in relief to land and local governments, a major sticking bespeak in the stimulus-neb negotiations, could wane once President Trump has left office and the "fright of retribution from the president" ends.

"Hopefully, when he'southward gone, they'll be more willing to do what they know should be done, has to be done, in order to save the communities they live in," he said on Wednesday.

'Separate the baby and move on'

Meanwhile, one of America'southward top banking executives is diggings lawmakers of both parties for their failure to pass a second stimulus package that would provide additional relief for struggling businesses also as for individuals and families.

Speaking at a business conference Wednesday, JPMorgan Chase CEO Jamie Dimon criticized the ongoing debate over relief funding, which stalled out before Election Twenty-four hours with House Democrats calling for $2 trillion and Senate Republicans resistant to spending more than $500 billion.

"You gotta exist kidding me," Dimon said. "I mean only split the baby and motility on. This is childish beliefs on the part of our politicians."

Dimon added that many Americans had spent through their beginning stimulus checks and were running out of money.

"There is a big part of our country that is actually struggling," he said. "That is what nosotros should exist focusing on. … It has zip to do with Democrats and Republicans."

Dimon called on Congress to provide assistance until vaccines become widely available. CNBC "Mad Money" host Jim Cramer echoed Dimon's critique on Wednesday, saying that lawmakers and the Trump administration "doomed so many companies" with their failure to hold on boosted relief.

Claim your missing bank check

The IRS is encouraging Americans who may have missed out on their beginning stimulus check to merits their coin before Saturday (Nov. 21). Millions of low-income households and older Americans — many of whom may non have recently filed tax returns — may be eligible for undistributed payments.

Parents with dependent children who did not receive their $500 supplement with their initial cheque may also qualify for payment.

To encounter if you're eligible and to claim your outstanding check, enter your information into the non-filers tool on IRS.gov earlier iii p.thousand. ET on Nov. 21. If you miss the deadline, you tin still become your payment next twelvemonth by filing a 2020 revenue enhancement return.

Emily Long is a Utah-based freelance author who covers consumer technology, privacy and personal finance for Tom's Guide. She has been reporting and writing for well-nigh 10 years, and her work has appeared in Wirecutter, Lifehacker, NBC Improve and CN Traveler, among others. When she's not working, you lot tin notice her trail running, teaching and practicing yoga, or studying for grad schoolhouse — all fueled by java, obviously.