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FINALLY! Stimulus Check Package COMING TODAY!? Second Stimulus Check Update | UNEXPECTED GREAT NEWS!

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This is your Second Stimulus Check update, stimulus package update, and stimulus check 2 update as of Tuesday, November 10th for the new stimulus bill. This video covers the second stimulus package, the stimulus update, the new stimulus package, the economy, and the stock market, and the contested election. ✅ Join The Power Of Finance Investor Group:

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The Chamber of Commerce on Monday called on Congress to complete a package this year as the economy has yet to recoup losses the fallout from the virus and the still has more than 11 million workers unemployed. Chamber of Commerce CEO Thomas Donohue told CNBC on Monday that Congress has to pass another round of stimulus before President-elect Joe Biden is inaugurated in January because the economy is still grappling with the health crisis. Donohue goes on to say that “The stimulus bill is essential, and the sooner it’s done, the better for the beneficiaries of the stimulus and therefore better for the markets and the economy.” But ultimately good news is Donohue said he is confident there would be an agreement in the coming weeks. He said that “we’re very hopeful that there will be a commitment to do this before the inauguration because the January 20th inauguration is quite a ways off, and he believes that the parties ought to get together and get on with it”

The Senate’s top Republican and Democrat faced off on Monday over the size of fiscal stimulus needed to support the economy, dimming any hopes for an immediate package as lawmakers reconvene following the election. Majority Leader Mitch McConnell said that Congress should pass a limited stimulus bill by year-end, in the wake of positive data on a slide in unemployment and after encouraging news on a vaccine. On the other hand Democratic leader Chuck Schumer said Republicans “have proposed totally inadequate solutions” to relief and how democrats believe we need a larger bill

Diane Swonk, chief economist for Grant Thornton LLP said that “ it’s an eternity to wait until February, let alone the time it will take to distribute a vaccine fully.” She said that delays in passing another stimulus package risk damaging the economy’s capacity to grow for years to come as more people slip into long-term unemployment, small businesses collapse and families postpone or give up on education. In addition to her, Chamber Of Commerce vice president Neil Bradley said in a statement said that “we have not yet beaten the virus or achieved the economic recovery we all desire and our leaders have wasted five months already. They can’t waste another three,”

One vehicle for at least some stimulus is a vital government spending bill that will be needed to avoid the federal government shutting down on Dec. 11, when current funding runs out. The Senate is expected to release the proposed government spending bill on Tuesday. On top of this extended unemployment benefits and pandemic jobless benefits for gig workers are set to expire at the end of the year. And with airlines and small businesses under mounting pressure, it will be hard for Congress to do nothing, according to Alec Phillips, chief political economist for Goldman Sachs Group Inc. Phillips argued that it’s “reasonably likely” Congress will pass additional stimulus in negotiations before the Dec. 11 expiration of federal funding. In addition to him, Appropriations Committee Chair Richard Shelby said “there’s been talk about wrapping stimulus relief into the spending bill:, but we haven’t seen that. He said It might not be a bad idea if they can agree on stimulus.”

#StimulusUpdate #StimulusCheck #StimulusPackage
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⚠️⚠️⚠️⚠️DISCLAIMER⚠️⚠️⚠️⚠️
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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