By now, most Americans have received the federal stimulus checks directed by the CARES Act in March to help consumers weather the economic downturn caused by the coronavirus pandemic.
The proposed $3 trillion Health and Economic Recovery Omnibus Emergency Solutions, or HEROES, Act would authorize another round of stimulus payments for most U.S. households.
During a press conference last week to discuss unemployment, President Donald Trump said his administration will be “asking for additional stimulus money,” while his economic adviser Kevin Hassett told the Journal this week that the odds of another stimulus package “are very, very high.”
The HEROES Act offers a larger stimulus payment than the Coronavirus Aid, Relief and Economic Security Act.
One criticism of the CARES Act stimulus payments is their restrictions on older teens and college students.