What will the next coronavirus relief bill look like? Congress mulls stimulus checks and back-to-work bonus
The Trump administration has said it does not intend to pass more relief measures until at least the beginning of July
By Megan Henney FOXBusiness
As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.
What the next stimulus bill will look like remains unclear, but certain measures that have gained traction over the past month include another stimulus check, additional aid for businesses and the unemployed, a back-to-work bonus and liability protections for employers.
Expect economic data -- like the Labor Department's June jobs report, which showed employers added a record 4.8 million jobs last month and the unemployment rate fell to 11.1 percent -- to play a pivotal role in what the legislation ultimately includes.
"The upbeat headline may embolden policymakers who don't want to provide more fiscal support for businesses and workers," Josh Wright, the chief economist at iCIMS and a former Federal Reserve staffer, said Thursday.
White House officials maintained the need for additional aid following the release of the report. Close to 48 million Americans have lost their jobs as a result of the outbreak and subsequent economic lockdown, a rate unseen since the Great Depression.
Still, the Trump administration has said it does not intend to pass more relief measures until at least the beginning of July. The Senate is not scheduled to return from its two-week summer recess until July 20, making it unlikely that a fourth relief package is passed before then.
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https://www.foxbusiness.com/economy/another-stimulus-check-back-to-work-bonus-expanded-jobless-aid-what-might-be-in-the-next-relief-bill
