White House aides reportedly stepped in to keep Trump from calling for $2,000 stimulus checks fearing it could torpedo relief negotiations

White House aides reportedly stepped in to keep 

Trump from calling for $2,000 stimulus checks 

fearing it could torpedo relief negotiations

Joseph Zeballos-Roig
·3 min read
Donald Trump wildcard
US President Donald Trump looks on during a ceremony presenting the Presidential Medal of Freedom to wrestler Dan Gable in the Oval Office of the White House in Washington, DC on December 7, 2020. Photo by SAUL LOEB/AFP via Getty Images
  • President Donald Trump was talked out of calling for $2,000 stimulus payments because it could derail fragile relief talks between Republicans and Democrats, The Post reported.

  • Trump had previously demanded a larger relief package than Democrats in the runup to the election.

  • "Right now, I want to see checks — for more money than they're talking about — going to people," he told Fox News in an interview that aired Sunday.

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  • Visit Business Insider's homepage for more stories.

President Donald Trump's advisors.                       talked him out of calling for $2,000 stimulus checks in the next federal rescue package since it could derail the ongoing relief negotiations on Capitol Hill, The Washington Post reported.

The newspaper cited two sources familiar with the events.

The Post reported that Trump held a phone call with allies when he said he wanted stimulus payments to be "at least" $1,200 and perhaps as large as $2,000. Congressional leaders are currently drafting a $900 billion emergency relief package with $600 stimulus payments for Americans, half of the $1,200 amount distributed in March and April through an earlier pandemic aid package.

Trump was in the midst of outlining his desire when White House officials told him the move would capsize the negotiations between top Republicans and Democrats, which appear likely to slip into the weekend. Republicans are trying to keep the price tag of a relief package under $1 trillion, and larger direct payments could swell the legislation's cost well beyond that.

An anonymous source told the Post that "aides were really frantic, saying: 'We can't do this; it will blow up negotiations.'"

Ben Williamson, a White House spokesman, told The Post that Trump supports large relief payments for struggling Americans.

"The President has heard from Americans all over the country who are hurting through no fault of their own, and he's made clear he wants the next round of relief to include stimulus checks at a significant number," he said. "We're working with Congress to settle on an agreement that can pass as soon as possible."

In the run-up to the election, Trump sought a large relief package and suggested at times he could support one bigger than the $2.2 trillion amount that Democrats wanted. But Republicans didn't follow suit and repeatedly threw cold water over his demands. They instead opted to push for a $500 billion relief package that Democrats blocked twice.

The president's position on stimulus has veered wildly in the past and he has been largely quiet on the subject since his election loss to President-elect Joe Biden. Trump, though, has indicated recently he still backs large stimulus checks. "Right now, I want to see checks - for more money than they're talking about - going to people," he told Fox News in an interview that aired Sunday.

The White House jumped into the stimulus negotiations last week with a $916 billion offer, and it included $600 stimulus checks for people. But Democrats panned its exclusion of federal unemployment benefits.

On Capitol Hill, Republican Sen. Josh Hawley of Missouri and Independent Sen. Bernie Sanders of Vermont have led calls to include stimulus checks, which were initially left out of a bipartisan plan now under consideration. Progressive lawmakers in the House have also ramped up their drive to include sizable stimulus payments in the next relief package.

Read the original article on Business Insider


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'Close to an agreement' | 2nd COVID-19 relief bill could include more stimulus checks

WASHINGTON — More than seven months after Americans started receiving the first coronavirus stimulus checks, Congress appears to be on the brink of finally approving a second round of checks. 

As of Thursday afternoon, negotiators were working through a handful of remaining hold-ups on a $900 billion COVID-19 economic relief package. 

What is the timeline for the second round of stimulus payments?

The biggest factor outright depends on when Congress and President Donald Trump approves the legislation. 

There's a hoped-for deadline of midnight Friday to deliver both the completed COVID-19 relief proposal and $1.4 trillion government-wide funding bill to Trump. The current temporary spending bill is set to expire midnight Friday.

But on Thursday, congressional leaders acknowledged they may need to pass another temporary spending bill to keep negotiations going into the weekend. 

How fast could the IRS send out checks once approved?

During the first round of economic impact payments, President Trump approved the CARES Act on March 27 and the first checks started appearing in people's bank accounts about three weeks later, during the week of April 14.

However, because the IRS already did a lot of the set-up work during the first round of payments, there's a chance a second round of stimulus checks could be sent out faster.

Back in August, Treasury Secretary Steven Mnuchin said the IRS could process the first batch of new stimulus payments within a week. 

"I can get out 50 million payments really quickly. Lot of it into people's direct accounts," Mnuchin said then. 

That being said, nothing will be sent out until Congress comes to an agreement on a stimulus package and Trump signs it.  

With just about two weeks left in the year, and with Christmas coming up next week, it seems likely that the earliest Americans might see a second payment would be early January 2021. 

If you received your first stimulus check by mail, you'll want to sign up for direct deposit to make sure you get it quicker. It's likely that paper checks won't arrive until weeks after payments are sent out to those who set up direct deposit. 

How much will the stimulus checks be?

While the bill text hasn't been formally revealed, the proposal is expected to include $600 direct payments to most Americans. That's about half of what was sent out during the first round of stimulus checks. 

Under the CARES Act, millions of Americans received checks up to $1,200 per adult, and an additional $500 for each eligible child, for individuals making less than $75,000 and couples making less than $150,000 annually.

It's not yet known whether the next COVID-19 package has the same income limits or if it goes lower. 

RELATED: Final stretch on COVID-19 economic relief and second stimulus check, but no deal yet

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Credit: AP
In this April 23, 2020, photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio.

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