Second $1,200 stimulus check and reduced unemployment insurance boost: How HEALS Act could affect you

By Sarah Foster 

Another massive round of economic stimulus might soon be on the way as the U.S. economy continues to fight through the devastating coronavirus-induced downturn.

U.S. Senate Republican leaders on Monday unveiled a draft $1 trillion package known as the “HEALS Act” that proposes trimming extended unemployment benefits, issuing a second round of direct payments, replenishing small business loans and providing firms with tax credits for operating during the pandemic, among other key provisions that could impact your wallet.

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