JUST IN! UNEXPECTED NEWS! $1200 Second Stimulus Check Update [10/26] Monday | 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, October 26th for the new stimulus bill. 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 economic adviser Larry Kudlow said Monday that talks for a second stimulus relief bill have “certainly slowed down,” though Treasury Secretary Steven Mnuchin will meet with House speaker Nancy Pelosi for another round of negotiation today. Kudlow said on CNBC that “the talks have certainly slowed down but they’re not ending.” He goes on to say that “we are close but there are still important policy issues that separate us and our team believes there has to be more compromises on the house side for us to get there,” he said. He said the committee chairman on both sides have been meeting and are still discussing the most prominent issues. And Kudlow explained that additional aid is needed with regard to enhanced unemployment assistance, PPP small-business loans, and aid to schools and airlines. One important thing thought that he did leave out was a direct second stimulus check. We know that both sides agree on this so it was unusual that he left it out when he spoke. Ultimately he said that “there are specific targeted areas, and that we don’t need a gigantic ideological political bill here”. He said all we need “is some targeted assistance and that would be a great help.”

The Senate is expected to confirm Supreme Court nominee Amy Coney Barrett on Monday. After that, it is not scheduled to be back in session until after the election, dashing hopes for imminent additional aid. Treasury Secretary Steven Mnuchin told CNBC last week that "a deal would be hard to get done before the election." “We're going to keep trying," Mnuchin said. "Don't want to say not likely but there are significant differences.” In addition to Mnuchin, Kudlow came out today and said that the “goalposts” had moved, echoing comments by both Pelosi and White House chief of staff Mark Meadows on Sunday who in separate appearances on CNN, Meadows and Pelosi each accused the other of “moving the goalposts” on negotiations. Kudlow told reporters Monday that differences between the two sides “have narrowed,” but “the more it narrows, the more conditions come up on the other side,”

The United States and much of Europe barreled into the new week scrambling to confront surges in new cases that threaten to overwhelm hospitals, with just eight days until the American presidential election. Stock and oil prices dropped Monday in response to a continued stalemate in the United States over additional virus aid and new restrictions to halt a third surge in cases. The United States hit a record number of daily new cases on Friday, while the death toll surpassed 225,000. More than 41,000 people are hospitalized with the coronavirus in the United States, a 40 percent rise in the past month. And though daily death tolls have not risen so sharply, they are inching upward and at least five members of Vice President Mike Pence’s staff have tested positive for the virus

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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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