WOW!! Second Stimulus Check Update 8/26 (HUGE CHANGES)

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This is your Second Stimulus Check update, stimulus package update, and stimulus check 2 update as of Wednesday, August 26th. This video covers the second stimulus package, the stimulus update, and the new stimulus package. ✅Join The Power Of Finance Investor Group:

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White House Chief of Staff Mark Meadows predicted there will be no stimulus deal with Congress until the end of September, and sought to blame House Speaker Nancy Pelosi for the delay. Meadows said in an interview with Politico on Wednesday that “If we got back in the room with some of their priorities, we could cut a deal -- the president wants to do that. But I’m not optimistic that will happen until the end of September”. Pelosi’s spokesman Drew Hammill said by email that the speaker’s position remains that to restart talks the White House “must meet us halfway” between the top-line numbers on the package. This is that Democrats continue to offer a $1 trillion reduction in their proposal if the White House bumps theirs by $1 trillion, Hammill said. Pelosi and Senate Minority Leader Chuck Schumer had initially sought $ trillion in relief, with Republicans at $1 trillion.

Meadows said he thought Pelosi would look to combine stimulus with the stopgap continuing resolution needed to prevent a Oct. 1 government shutdown of federal agencies -- something she’s repeatedly argued against. Meadows said he’d favor such a combination, but would like to see it pass sooner rather than later. “I think the speaker is going to hold out until the end of September and try to get what she wants in the funding for the government in the CR or whatever funding mechanism happens to come up at the end of September.” Former Fed Chair Janet Yellen wrote with economist Jared Bernstein in the New York Times on Monday warned that “when unemployment is exceptionally high and inflation is historically low, as they both are now, the economy needs more fiscal spending to support hiring,”. They go on to say that Congress “cannot expect the Fed to keep everything together on its own,”

One Republican lawmaker told reporters Tuesday that he’s participated in conference calls about the stimulus bill, and that there has been no movement in the drive for a relief package since the beginning of the August recess. Republicans, the lawmaker said, remain divided about the best approach, with the matter of how to handle the extra jobless benefits remaining a key issue for many. Democrats also appear to remain very dug in, the lawmaker said. The Senate isn’t scheduled to return to Washington until Sept. 8, with the full House returning for votes the following week. But before then, Treasury Secretary Steven Mnuchin is set to testify at Congress next Tuesday for the first time since negotiations stalled. That’s at a hearing of the House’s special Oversight subcommittee on the Coronavirus Crisis, the panel announced.

#StimulusCheck #StimulusPackage #StimulusUpdate
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I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Michael Wrubel MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Michael Wrubel's videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Michael Wrubel. Any use of other media is by fair-use or license only.
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