3 Key Signs More Stimulus Money Is on the Way in Late July

3 Key Signs More Stimulus Money Is on the Way in Late July

The IRS has sent out more than $269 billion in coronavirus stimulus money , but this cash was just a drop in the bucket for most Americans, who are now facing a recession with the unemployment rate at record highs. With the number of virus cases surging, some hospitals hitting capacity, and public health experts warning things could get worse, some states that had begun the reopening process are starting to reverse course. When states first began shutting down and unemployment started spiking, the crisis prompted lawmakers to take swift action to pass the CARES Act and provide stimulus money.