FINALLY GOOD NEWS! STIMULUS CHECK UPDATE | SECOND STIMULUS CHECK UPDATE | (SEPTEMBER 4)

by birtanpublished on September 26, 2020

How's it going everybody this is the stimulus check hub here here to give you your latest stimulus check and unemployment benefits and latest news updates if you are new to the channel make sure to hit that subscribe button down below

And the like and comment are greatly greatly appreciated also if you have not already make sure to share this with your friends and family because i'm sure they would also like the

Most up-to-date information provided on their stimulus checks and unemployment benefits which i try to provide here on youtube so we have some pretty big and breaking news here

The us house of representatives voted to pass a second coronavirus relief bill on friday aimed at providing further financial assistance to the people

And institutions hardest hit by the coronavirus pandemic the legislation worth 3 trillion which is not yet law proposes to include another round of stimulus checks for individual americans

So this is big big breaking news this is a huge deal we will be having a second stimulus check for average americans probably sometime along this timeline right here so you can see

Here is the timeline for your second cms check anyone saying it's going to be outside of these times does not have the most up-to-date information this is the earliest you can expect your stimulus check

Right here so the earliest they're going to be sent out is september 28th now let me just walk you through this timeline so that you really understand the entire process of what's going on here so if the senate

Passes it on the 11th it will go to the house on the 16th if it passes the house on the 16th it will go to the president's desk the 17th if it goes to the president's desk and he signs off on it which we

Have every reason to believe that he would then the first checks will be will start to get sent out september 28th this is the absolute earliest it can happen

This is what this is the senate's own official timeline you can look it up yourself this is the earliest it can happen according to the senate's own timeline now if you have direct deposit this time

Will be a little bit shorter from the time they send the checks out from the time you get it because direct deposit generally takes a day to three days depending on what bank you're using depending on how

Fast the government systems are working but it should take roughly between one to three days from the time the first checks are sent out for you to get it if you have direct deposit if you're getting the checks by mail

This process is going to take a little bit longer because again sending it by mail there's a whole another added step you have to get the post office involved the irs and the treasury are involved so

You add a whole nother level of bureaucracy that you have to go through in order to get the stimulus check from this date to your doorstep so if you do not have direct deposit

Go to the irs website make sure to fill out all of your updated information that is the only way you will get your stimus check much faster than you would have otherwise also if you didn't get your first

Stimulus check definitely go to the irs website and make sure they have all your updated information because that's really really important another thing mcconnell and pelosi expect a coronavis

Relief deal but huge differences still remain now this happened august 6 august 7th it was updated it's still relevant information because it relates in the fact that mitch

Mcconnell and nancy pelosi both want there to be a deal the fact that both of them want there to be a deal these are the lead guys mcconnell and pelosi pelosi representing the democrats

Mcconnell representing the republicans both of these people are the primary pushers of the stimulus offerings and dealings on both sides so mcconnell wants the republican deal which primarily consists of less

Unemployment and less stimulus checks pelosi wants her deal to be about 3.3 trillion dollars which will include more unemployment benefits more funding for healthcare workers and another stimulus check and potentially a third

Stimulus check there's various people saying there's going to be a third fourth and fifth one depending on who gets elected various things like that but these are the two leaders of the

Parties these are the two people you really want to pay attention to because these two ultimately decide your fate these guys hold all the cards these guys have all the power they're really the ones in charge of

This thing another thing it's kind of breaking news this just happened september 1st and it's just taking it's just going into effect september 2nd is the irs payroll deferral starts today will it definitely security

Uh i've read it won't defund social security but that's for another discussion the important thing is that the irs tax deferral the irs payroll tax deferral starts today

Now what is the irs tax deferral the payroll tax is a tax that your employer pays when you get your paycheck so the reason this is kind of a big deal and you're going to want to pay attention to this is if you're someone

Who's working right now you should see your pay go up in the coming weeks because this payroll tax is being deferred so you don't have to pay it right now so that should increase

In theory increase your payment for the next couple of weeks potentially months depending on how long this deferral uh goes on the payroll tax deferral does fund social security so it really just depends on

How long they keep that going but you should see your paychecks increase in the coming months another thing we need to talk about is unemployment we did see and this is positive news we we're seeing unemployment start to go

Down so we had a 14.7 percent unemployment rate april 2020 14.7 very high historically you can see from the graph here this is the fred official government data the fred economic database you can see

The 14.7 percent is extremely high relative to comparative comparatively to the uh previous years we dipped it down to about 11.4 percent uh in ju 11.1 percent in june of 2020 which is still again

Comparatively high we haven't had unemployment near that since about 1983 that was during the carter stagflation years i believe and now we've dipped it down to about 8.4

In august of 2020. so that is kind of a positive sign we're starting to see unemployment go down there might be an opening up of the economy we're not out of the woods yet

By any means by any means because we still have a lot of coronavirus cases it's spreading fairly rapidly in certain areas of the country texas and california are kind of having

A problem containing it right now but other areas such as texas and new york are starting to or i mean new york and utah are starting to reign in the virus much more than other states

So it depends on where you live but various states are doing uh different jobs at handling it and controlling it but you are seeing unemployment start to go down as the biggest states new york texas

And california are very slowly going to be opening up and rolling back their restrictions on businesses which should include more jobs and that should continue to see that unemployment number

Lower another thing we have to talk about is hazard pay we haven't even mentioned hazard pay yet there are various uh people proposing to do hazard pay about a 20 hazard pay increase in pay for workers

Uh this would allow workers to have more money in their pocket again because if you're risking your life for your country and you are if you're working in a grocery store if you're working at a fast food place

You are at greater risk because you are exposed to more people there is various legislation that is also proposing hazard pay particularly for health care workers which is all around a good thing i think

It's going to be really positive because people who are working and risking their lives for the country should ultimately get more pay i mean they're putting their lives on the line to make sure the country continues to operate

So i kind of feel like they should be given more pay especially given the elevated level of risk that we have even though the virus we are getting better treatments we are getting better therapeutics we

Still should have a higher pay for people who are putting their lives on the line for our country who are putting their lives on the line to provide the basic goods that we all rely on

So i think that is also good legislation that is being it's in the works right now hopefully that ends up being passed well i hope you guys enjoyed this video make sure to hit that subscribe button

Down below a like and a comment are greatly appreciated if you have not yet make sure to share this on facebook share with your friends and family because i'm sure they would also like the most up-to-date information on their

Stimish text and unemployment benefits available here on youtube which is what i try to provide make sure to drop a comment let me know what you guys are thinking if this seems like all good news it seems like

The legislation is going through the normal process as i outlined here this is the normal process the legislation will take so make sure to drop a comment on what you guys think below and have a good one

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