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Economics in Brief: Congress Nearing Deal on Second Stimulus


Congress appeared to be nearing a compromise for a $900 billion COVID-19 aid package that includes a second, smaller stimulus check, the AP reported.
The package includes $300 billion for businesses, including more Paycheck Protection Program money (a program that has been fraught with controversy and mismanagement almost since the beginning). It also would include $600 checks to Americans, though as with the first round of stimulus checks, millions of Americans didn’t receive a check, either because their income was so low that they didn’t file tax returns and weren’t able to apply for the stimulus, or because they are undocumented, related to an undocumented immigrant, or incarcerated. ....

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