Senate Republicans had initially offered a $1.1 trillion emergency aid package, but subsequently voted on a proposal providing just $650 billion — only $350 billion of it in new funding.
Every year, the IRS pays interest on refunds that take extra time to process, with interest accruing from April 15 until whenever the agency cut your check (or dropped your direct deposit). If you haven’t yet received your refund check, you’re not alone: The IRS said back in June that it had a backlog of 4.7 million returns.
If a second stimulus check of up to $1,200 per adult is approved, either by congressional or executive action this year, the IRS is expected to start sending money swiftly. However, meeting the qualifications to receive economic assistance may not be enough to get a priority payment.