Latest USA Stimulus News: CARES Act VS HEALS ActDaniel McCarthy (Author) Published Date : Jul 29, 2020 17:28 IST
Second stimulus details that the Americans are to receive soon: With the COVID 19 pandemic disaster continuing unabated and Presidential elections in November, Americans will receive the second stimulus soon. The first stimulus under the CARES Act gave a lot of relief to the COVID 19 hit Americans.
Now the HEALS Act is the second stimulus which all Americans are eagerly awaiting. The weeks of debate on it between the Congress and White House seem to have come to an end with the Republican-led Senate ready with the second stimulus draft on Monday, July 27.
CARES Act VS HEALS Act Details
The March "CARES" Act of nearly three trillion USD gives $1,200 for most American individuals and around $ 3,200 to most families, much is expected of this second stimulus by the HEALS Act. There will be enhanced assistance to unemployed Americans who think the percentage has come down from 15 % to 11 %. But it is still far high than the unemployment percentage during the 2008- 2009 economic crisis.
Latest USA Stimulus News: CARES Act VS HEALS Act