Americans are waiting with bated breath for a second stimulus package and another $1,200 payment as many face financial hardship during the coronavirus pandemic.

If Congress passes a deal before Election Day, the first direct deposits could hit bank accounts by November 16, with paper checks going out the week after Thanksgiving and prepaid debit cards in the mail before the holidays, according to calculations by CNET.

It has now been three months since the expiration of $600 per week unemployment benefits and six months since the first round of stimulus checks were sent out as the Covid-19 pandemic continues to ravage the country, with 218,000 people dead.

Nancy Pelosi and Steven Mnuchin are still haggling over the terms of a new stimulus after Republicans already talked the Democrats down from a $3.4 billion aid package to a $2.2 billion proposal.

If Congress doesn't get it together before election day, it's still possible that a lame-duck administration could pass a bill before the end of the year, in which case payments would go out in various forms over the holidaysand continuing into the new year, according to CNET's analysis.

Should Congress throw in the towel and pass the buck to the next legislature, it could take until March 2021 – a full year after the outbreak of the pandemic – for some forms of payment to get to households, according to CNET.

Since the last stimulus expired, 8 million more people have become poor than there were before the pandemic, according to a Columbia study.

If the stimulus checks do end up going out, they likely won't last long and will just act as a financial band-aid.

One-third of U.S. households were behind on their rent or mortgage payments in early August for the fourth month straight, with 20% owing more than $1,000, CNBC reported.

30 to 40 million people are at risk of eviction across the United States if nothing changes in what the Aspen Institute has called the most acute housing crisis in the nation's history.

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