Are Americans any closer to receiving a $2,000 stimulus check?


As the $600 Economic Impact Payments continue to be dispersed, many Americans are wondering if a third stimulus check could be any closer to becoming a reality.

While President Trump and the House backed sending out $2,000 stimulus checks, Senate Majority Leader Mitch McConnell blocked the measure from a vote in the Senate.

Now that Democrats have won control of the Senate after victories in the Georgia runoff elections this week, they've vowed to forge ahead with providing $2,000 stimulus checks. The recent Senate victories ensure a 50-50 split between Democrats and Republicans, but Vice President-elect Kamala Harris will have the tie-breaking vote.

"We expect growing anticipation that Democrats will pursue additional stimulus, with a $2,000 check (or at least the remaining $1,400) as a leading item," Ed Mills, an analyst with investment bank Raymond James, told CBS News.

President-elect Joe Biden has also gone on the record saying the most recent $900 billion COVID relief package, which included the $600 direct payments, was only a “down payment.”

Furthermore, while campaigning for Jon Ossoff and Raphael Warnock, Biden noted their election would help $2,000 stimulus checks get "out the door immediately, to help people who are in real trouble."

But on Friday, Senator Joe Manchin, a conservative Democrat from West Virginia, signaled he “absolutely” opposed a round of $2,000 direct payments, according to the Washington Post.

Manchin later clarified his stance by tweeting, “If the next round of stimulus checks goes out they should be targeted to those who need it.”

With the status of a third stimulus check still up in the air, many Americans are getting frustrated over delays with receiving their $600 direct payments.

CNBC Make It has reported thousands of emails from eligible individuals who are still waiting on their second stimulus payment and blame the delays on the IRS.

One reason millions have not received the payments yet is because the IRS “inadvertently sent payments to over 13 million bank accounts that are no longer open or valid,” according to tax preparer Jackson Hewitt.

Other tax preparations organizations also put blame on the IRS.

“Unfortunately, because of an IRS error, millions of payments were sent to the wrong accounts and some may not have received their stimulus payment,” TurboTax wrote in a statement Wednesday.

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