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Americans might not receive their stimulus check until September, warns IRS insider



Americans may not get their second stimulus check until September if Congress can’t reach an agreement by Friday, warns IRS insider

  • Chad Hooper, national president of the Professional Managers Association, said the IRS was “better positioned to write a second check” than it was in April
  • Congress doesn’t have to agree until Friday, however, if not, Americans will likely wait until September for the second round of coronavirus relief
  • If Congress can reach an agreement by Friday, stimulus checks could be sent out this month
  • Treasury Secretary Steven Mnuchin said he was ready to get a fair deal this week, while finding he hadn̵
    7;t spoken to Democratic lawmakers since Friday

An Internal Revenue Service (IRS) insider believes Americans may not get their second stimulus check until September if Congress can’t reach an agreement by Friday.

Chad Hooper, national president of the Professional Managers Association, told Grow that the IRS is “better positioned to write a second check” than it was in April, but Congress just needs to reach an agreement.

Otherwise, it would mean Americans, especially the more than 30 million unemployed, may have to wait until September for the second round of relief.

However, if lawmakers can close the deal by Friday, most stimulus checks could be sent out that month.

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An Internal Revenue Service (IRS) insider believes Americans may not get their second stimulus check (file picture) until September if Congress can't reach an agreement by Friday

An Internal Revenue Service (IRS) insider believes Americans may not get their second stimulus check (file picture) until September if Congress can’t reach an agreement by Friday

During an interview with CNBC’s Squawk on the Street Monday, Treasury Secretary Steven Mnuchin said President Donald Trump “is determined to spend what we need to spend”.

“We are ready to put more money on the table,” added Mnuchin

Legislators had hoped to close a deal on the coronavirus relief package by last Friday, as the planned hiatus began on August 10 and will last until September 8.

But Mnuchin said he was open to repeating the aid package discussions this week.

“If we can do a fair deal, we are ready to do so this week,” said Mnuchin, noting at the same time that he has not spoken to Democratic lawmakers since Friday.

With no agreement in sight on coronavirus aid legislation, Trump attacked Democratic leaders negotiating with his top aides over the weekend, threatening to act unilaterally to cut wage taxes and take other measures.

“If the Democrats continue to hold this critical hostage hostage, I will act in my authority as President,” said Trump, resuming attacks on Spokeswoman Nancy Pelosi and Senate Minority Chairman Charles Schumer as the two sides are concerned Help stay trillions apart.

He also reiterated his claim that the coronavirus that’s ravaging the country will go away – even if the death toll from U.S. coronavirus topped 160,000.

During an interview on Monday, Treasury Secretary Steven Mnuchin (pictured) said President Donald Trump

During an interview Monday, Treasury Secretary Steven Mnuchin (pictured) said President Donald Trump “is determined to spend what we need to spend”. He added, “We are ready to put more money on the table.”

Trump said the virus is going away. It will go away. ‘

The President formulated new details of an executive ordinance he was considering – but without clearly demonstrating the authority he was going to cite. But the President did not immediately say for sure that he would do so.

“We’re talking about deferring payroll taxes for a period of months,” the president said at a hastily convened press conference at his golf club in Bedminster, New Jersey.

He said the wage tax would apply “through the end of the year” and retrospectively through July, potentially suggesting a short-term cut.

Trump also said he would respond to “improved unemployment benefits” – even if negotiators were out to extend a $ 600 weekly benefit.

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