BREAKING: Mnuchin says new round of stimulus checks coming

A new round of stimulus checks are coming and Treasury Secretary Mnuchin says everyone who received $1200 Stimulus check is likely to receive another one.

LATimes reports Treasury Secretary Steven T. Mnuchin said Saturday that Republicans were set to roll out the next COVID-19 aid package Monday and assured that there was backing from the White House after he and President Trump’s top aide met to fine-tune the $1-trillion proposal that had floundered just days before.

Mnuchin told reporters at the Capitol that extending an expiring unemployment benefit — but reducing it substantially — was a top priority for Trump. The secretary called the $600 weekly aid “ridiculous” and a disincentive for people to go back to work. He also promised a fresh round of $1,200 stimulus checks would be coming in August.

“We’re prepared to move quickly,” Mnuchin said after he and Mark Meadows, the president’s chief of staff, spent several hours with GOP staff at the Capitol. He said Trump would “absolutely” support the emerging Republican package.

Mnuchin’s optimistic assessment came before Democrats weighed in publicly on the updated proposal, which remained only a starting point in negotiations with House and Senate leaders in the other party. He said he recently called House Speaker Nancy Pelosi and Senate Minority Leader Charles E. Schumer ahead of shuttle negotiations next week on the broader deal.