5 Reasons More Stimulus Will Get Passed, and 5 Reasons It Won't

There’s no question about it. The CARES Act, passed back in March when the economy was grinding to a halt, was an overwhelming success. The $2 trillion package helped absorb the shock of the lockdowns and included direct payments to Americans, $600 weekly checks for the unemployed, support for small businesses through the Paycheck Protection Program, and bailouts for large industries like airlines. With the help of the relief package, the economy is bouncing back faster than expected from the depths of the crisis. Personal income spiked in April when the stimulus checks went out and has remained above pre-COVID-19 levels through August.

However, the $600 unemployment supplement checks stopped rolling out at the end of July, and with the pandemic likely to continue for several more months, the economy may need another boost. Here are five reasons another stimulus will get passed -- and five reasons it won’t.

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