A new wave of COVID-19 stimuli may be available soon. Democratic and Republican lawmakers have begun early talks about a new round of potential coronavirus stimulus spending, and even more so with the ommicron variety on the rise in the United States.
Another incentive check
According to Reuters, there is no formal proposal yet. Still, a bipartisan group is investigating whether Congress can help restaurants and other businesses hit by the latest wave of cases, according to Democratic US Senator Ben Cardin. To help restaurants and other businesses, they will have to compete for their votes in a House currently divided along party lines and wary of widening the federal deficit.
However, the discussions reflect the country’s growing concern about the ommicron variant, which has spread across the country at an alarming rate. Lawmakers fear the pandemic could have devastating effects on the economy as coronavirus cases continue to rise to record levels. As for the White House, it has stated that it is prepared for any immediate economic consequences of the ommicron wave, as per… The Washington Post.
Not sure yet
US private payrolls are rising faster than expected, holiday retail sales are strong and supply chain problems are easing. As a result, some events have been canceled or postponed and positive COVID-19 Omicron cases have disrupted staff.
Businesses such as restaurants, music venues, gyms and even small sports league teams that could be hit by the second wave of COVID-19 would benefit from the aid, according to The Washington Post. This plan would use new spending and unused funds, and a new spending plan could include incentive payments to US taxpayers, but this is uncertain.
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