• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Financestimulus

A last-ditch push to save stimulus checks is gaining traction

By
Lance Lambert
Lance Lambert
and
Anne Sraders
Anne Sraders
Down Arrow Button Icon
By
Lance Lambert
Lance Lambert
and
Anne Sraders
Anne Sraders
Down Arrow Button Icon
December 8, 2020, 5:15 PM ET
For the latest information on the ongoing stimulus negotiations, please check out our coverage here.

In the latest topsy-turvy turn of events, stimulus checks may be back on the table. It appears both Democratic leadership and the White House are making a last-ditch effort to get stimulus checks added into the next economic aid package.

On Tuesday, the White House reportedly asked Republican Senate leadership to include a second round of stimulus checks in their economic aid bill, the Washington Post reported. However, the White House is asking for $600 direct payments—not the $1,200 payment sent to most Americans in the spring through the CARES Act.

This ask comes as Senate Majority Leader Mitch McConnell is reportedly “softening” to the idea of including stimulus checks in the next package, Politico reported Tuesday. And House Speaker Nancy Pelosi told Bloomberg on Tuesday that she’d still like to see a $1,200 stimulus check in the next bill, and that it’s “up to the President.”

The White House did not respond to Fortune’s request for comment. A spokesperson for McConnell did not comment in response to Fortune’s request.

Another round of $1,200 direct payments had been looking dead in the water. Last week a bipartisan group of senators, including Republican Mitt Romney and Democrat Joe Manchin, announced a $908 billion stimulus proposal that did not include stimulus checks. And surprisingly, the framework of the proposal was quickly accepted by Speaker Nancy Pelosi as the basis for further negotiations; up until that point she had been pushing for a $2.2 trillion package including another round of direct payments. Meanwhile, McConnell had never backed a second round of stimulus checks.

But over the past few days party leadership has started to feel pressure from their rank-and-file legislators to add the checks into the next economic aid package. On the left, Sen. Bernie Sanders is circulating a letter signed by other Democrat senators “demanding” that stimulus checks be included, Politico reported, citing the letter. Meanwhile, Republican Sen. Josh Hawley reportedly asked President Trump to veto any bill that didn’t include more stimulus checks, per Politico.

But even if the checks get reintroduced into stimulus proposals, it doesn’t guarantee the aid’s passage. Other stimulus items like state and local funding—strongly supported by Democrats—and COVID-19 lawsuit immunity for businesses—supported by Senate Republicans—are still major areas of disagreement and are holding up the package. On Tuesday, McConnell suggested that Congress drop both state and local funding and liability protection from the bill altogether in order to pass something quickly, but Democrat Sen. Chuck Schumer promptly argued that McConnell was trying to “sabotage” the talks.

More must-read finance coverage from Fortune:

  • Why aren’t we in another Great Depression?
  • The IRS effectively canceled the tax break that made PPP loans so valuable
  • A $100 million “virtual power plant” could put an end to California’s power woes
  • Robinhood’s next adventure: Stealing market share from the rich
  • Commentary: The 20 most important personal finance laws to live by
About the Authors
By Lance LambertFormer Real Estate Editor
Twitter icon

Lance Lambert is a former Fortune editor who contributes to the Fortune Analytics newsletter.

See full bioRight Arrow Button Icon
Anne Sraders
By Anne Sraders
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest in Finance

A pile of gold coins and gold bars.
Personal Financegold prices
Current price of gold as of December 10, 2025
By Danny BakstDecember 10, 2025
18 minutes ago
housing affordability
Real EstateHousing
America’s mobile housing affordability crisis reveals a system where income determines exposure to climate disasters
By Ivis Garcia and The ConversationDecember 10, 2025
38 minutes ago
student
CommentaryEducation
International students skipped campus this fall — and local economies lost $1 billion because of it
By Bjorn MarkesonDecember 10, 2025
43 minutes ago
Goldman Sachs' logo seen displayed on a smartphone with an AI chip and symbol in the background.
NewslettersCFO Daily
Goldman Sachs CFO on the company’s AI reboot, talent, and growth
By Sheryl EstradaDecember 10, 2025
2 hours ago
Current price of silver as of Wednesday, December 10, 2025
Personal Financesilver
Current price of silver as of Wednesday, December 10, 2025
By Joseph HostetlerDecember 10, 2025
2 hours ago
EconomyFederal Reserve
If the Fed cuts interest rates today, it may be the last one until June 2026
By Jim EdwardsDecember 10, 2025
2 hours ago

Most Popular

placeholder alt text
Economy
‘Fodder for a recession’: Top economist Mark Zandi warns about so many Americans ‘already living on the financial edge’ in a K-shaped economy 
By Eva RoytburgDecember 9, 2025
17 hours ago
placeholder alt text
Success
When David Ellison was 13, his billionaire father Larry bought him a plane. He competed in air shows before leaving it to become a Hollywood executive
By Dave SmithDecember 9, 2025
1 day ago
placeholder alt text
Banking
Jamie Dimon taps Jeff Bezos, Michael Dell, and Ford CEO Jim Farley to advise JPMorgan's $1.5 trillion national security initiative
By Nino PaoliDecember 9, 2025
19 hours ago
placeholder alt text
Uncategorized
Transforming customer support through intelligent AI operations
By Lauren ChomiukNovember 26, 2025
14 days ago
placeholder alt text
Success
Even the man behind ChatGPT, OpenAI CEO Sam Altman, is worried about the ‘rate of change that’s happening in the world right now’ thanks to AI
By Preston ForeDecember 9, 2025
22 hours ago
placeholder alt text
Economy
The 'forever layoffs' era hits a recession trigger as corporates sack 1.1 million workers through November
By Nick Lichtenberg and Eva RoytburgDecember 9, 2025
24 hours ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.