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White House Economic Advisor Says Further $1,200 Stimulus Checks in Works

1 min
Updated by Kyle Baird
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In Brief

  • -White House economic advisor Larry Kudlow says new stimulus is coming.
  • -The package will include a second $1,200 check and rent moratoriums.
  • -The dangers of 'addiction to stimulus' continues.
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White House economic advisor Larry Kudlow told CNN Sunday that a new stimulus plan is on the way. The bill, put forward by Senate Republicans, will provide a new round of $1,200 stimulus checks and lengthen the rent moratorium.
The stimulus will be similar to the first round, but will not include the additional unemployment benefit. Kudlow said,
The check is there, the reemployment bonus is there. The retention bonus is there. There will be breaks, tax credits for small businesses and restaurants.
Bitcoin The new announcement highlights the continued need for stimuli, even as the COVID-19 crisis continues to plague the American economy. Treasury Secretary Steven Mnuchin earlier indicated that markets are addicted to the stimulus at this point. The announcement today appears to reveal that the American people are in much the same situation. Impacts on inflation and the value of the dollar remain unknown.


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With a background in science and writing, Jon's cryptophile days started in 2011 when he first heard about Bitcoin. Since then he's been learning, investing, and writing about...