$600 COVID Checks May Come This Week; Congress Debates $2k - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Washington Wire
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Washington Wire RSS Get our newsletter
Order Prints
December 30, 2020 Washington Wire
Share
Share
Post
Email

$600 COVID Checks May Come This Week; Congress Debates $2k

MassLive.com
Senate Majority Leader Mitch McConnell brokered a recent stimulus deal for $600.

Many Americans may find themselves at least $600 richer on Wednesday morning.

The U.S. Treasury Department says the recently-approved $600 COVID-19 stimulus payments began arriving in some Americans’ bank accounts by direct deposit on Tuesday night. Paper checks are starting to go out on Wednesday — even as Democrats and President Donald Trump are embroiled in a contentious haggling session with Senate Majority Leader Mitch McConnell.

The Kentucky Republican on Tuesday blocked quick passage of a House-approved bipartisan measure to increase the checks to $2,000, prompting Trump to suggest Republicans “have a death wish.” Democrats hope to force McConnell to hold a vote this week.

The stimulus plan pays $600 for each individual in your household including dependents aged 16 and younger.

Treasury Secretary Steven Mnuchin, who negotiated the $600 checks with congressional leaders only to be blindsided by Trump, who called the payments “measly,” noted on Twitter that the payments would start going out Tuesday night and continue into next week.

“Treasury and the IRS are working with unprecedented speed to issue a second round of Economic Impact Payments to eligible Americans and their families,” Mnuchin said in a statement. “These payments are an integral part of our commitment to providing vital additional economic relief to the American people during this unprecedented time.”

The payments are the second round of checks sent to Americans since the pandemic began. Democrats are using the final few days of the 2020 congressional session to press for bigger checks that they’ve always advocated, an argument bolstered for more than a week by Trump and picking up steam among some Republicans.

More than 40 GOP House members voted in favor of increasing checks on Monday, and at least five senators have publicly expressed support. At least 12 Republican senators would need to be on board, along with all 48 members of the Democratic Caucus, in order for $2,000 checks to clear the Senate and land on Trump’s desk.

McConnell has said the Senate will discuss the matter this week, but on Tuesday he linked the increased checks to two other demands from Trump: enhanced election security and eliminating liability protections for social media sites.

On Wednesday, senators expect to override Trump’s veto of a $740 billion defense bill which does not include Trump’s call to repeal shields for big tech companies. Sens. Bernie Sanders and Ed Markey on Tuesday called on the Senate to hold off on the veto override until McConnell allows an up-and-down vote on $2,000 checks.

For more on the $600 stimulus payments and to calculate how much you might receive, read here.

Related Content:

Second stimulus check: Calculate how much money you could get from the $908 billion COVID pandemic relief bill

Republicans block initial push for $2,000 stimulus checks as Ed Markey, Bernie Sanders demand vote; Mitch McConnell hints Senate will consider it this week

Second stimulus check update: ‘No Democrats will object’ to $2,000 COVID checks, but ‘will Senate Republicans?’

___

(c)2020 MassLive.com, Springfield, Mass.

Visit MassLive.com, Springfield, Mass. at www.masslive.com

Distributed by Tribune Content Agency, LLC.

Older

Two days left to use charitable contributions to lower taxable income

Newer

Contractors Begin Second Pass At Oklahoma Ice Storm Cleanup

Advisor News

  • How advisors can help frugal retirees finally enjoy their savings
  • Wealth planning vs. estate planning: Honoring your client’s wishes
  • What to discuss during the first retirement planning meeting
  • Inflation, competing priorities and uncertainty erode retirement security
  • As health premiums rise, 1 in 8 workers cut retirement savings
More Advisor News

Annuity News

  • Jackson Announces New Annuity Offering for AARP Members
  • National Life Group expands annuity portfolio
  • AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
  • USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
  • How flexible annuities fit today’s retirement portfolios
More Annuity News

Health/Employee Benefits News

  • Enrollment is open for Affordable Care Act coverage. What do New Mexicans need to know?
  • A Smarter Approach to Employee Health Insurance Costs
  • Are GLP-1s Good for Business? The Jury Says …
  • Closing gaps in group disability coverage
  • STATE AUDITOR JAMES BROWN REMINDS MONTANANS TO UTILIZE ACA OPEN ENROLLMENT PERIOD, CAREFULLY REVIEW ANY LIMITED PARTNER' PLANS
More Health/Employee Benefits News

Life Insurance News

  • Corebridge Financial Announces Third Quarter 2026 Results
  • MassMutual announces record $3.3 billion policyowner dividend for 2027
  • Protective Completes Acquisition of Obsidian, Establishing Specialty Property and Casualty Business Line
  • Jackson Announces New Annuity Offering for AARP Members
  • Open Enrollment Starts November 1: Tampa Broker Ryan Michalek Urges Families and the Self-Employed to Check 2027 Costs Before They Auto-Renew
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.