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Stimulus Checks COMING BEFORE Biden? Second Stimulus Check Update [11/9] 2nd Stimulus Check

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This is your Second Stimulus Check update, stimulus package update, and stimulus check 2 update as of Monday, November 9th 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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Typically the president elect announces cabinet nominations first but Biden is planning to announce a task force on the virus today on Monday, led by two advisers who have been consulting with him for months and have helped devise the science-based approach he highlighted during his campaign. Aides do not expect to announce any Cabinet nominations for several weeks and this shows how important of an issue the virus is to Joe Bid because he is announcing a virus task force before his cabinet nominations. The United States reported its 10 millionth coronavirus case on Sunday, with the latest million added in just 10 days and more than 103,600 new cases were announced on Sunday, the fifth-highest total of the pandemic. In addition to this, In a move that appeared designed to encourage more Republicans to accept the election’s outcome, former president George W. Bush on Sunday announced that he had called Biden, as well as Vice President-elect Kamala D. Harris, to congratulate them on their win. He said that “though he and Biden have political differences, he knows Joe Biden to be a good man, who has won his opportunity to lead and unify our country,”.

There’s no indication that a defeated Trump will be willing to sign another stimulus bill, and there’s always a chance he could walk away from the effort completely. And, Garrett Watson, senior policy analyst at the Tax Foundation, says there are two huge wildcards that could prevent another relief bill from passing before the end of the year. He said that one of them is President Trump himself because there’s no indication that a defeated Trump will be willing to sign another bill, and he could walk away from passing a bill completely. The other factor in play is a looming December 11 deadline for a government spending bill. This is when the continuing resolution Congress passed in September to fund the government will expire. Funding the government for the next year will be the top priority for Congress, and both McConnell and Pelosi have called for a new spending bill that would fund the government for the next year. As a result, the best opportunity to pass more stimulus legislation between now and the end of the year might be to bundle it with the spending bill. However one thing to keep in mind is that passing anything, even a spending bill, won’t be an easy task either and Senator Roy Blunt explained how “The lame duck session is always a more challenging moment than they think it’s going to be,”

Moody’s Analytics chief economist Mark Zandi came out yesterday on Sunday, and predicted a smaller stimulus bill will pass after Biden is inaugurated in January. He wrote in a research note Sunday that an agreement on fiscal stimulus in the lame duck would require “clearer evidence that the economy threatens to stall out with the intensifying pandemic.” The problem with this is that the October jobs report came out last week and Mitch McConnell called the October jobs report, which showed the official unemployment rate dropping a full percentage point from September to , a “stunning indication” of an economic rebound that signaled why a smaller Covid-19 relief package makes more sense than a larger one. And Zandi says the October jobs report showed enough gains that lawmakers won’t be pressured to take immediate action on more relief and this will delay a bill from passing


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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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