"The first wave was like a shotgun start and then a brick wall finish because the money ran out," O'Malley said of the first round of stimulus. "When a smaller amount gets made available this time, it's going to be another shotgun start."
Congress is close to a deal on a bipartisan stimulus plan, which is almost $900 billion short of what the president offered back in the fall.
"I don't understand the hesitation," the vice president-elect told "Good Morning America." "The people are suffering."
"This will likely get passed before we go home this weekend," Senator Steve Daines of Montana said.
The output gap is the difference between expected economic output under current law and possible economic output if the economy were operating at full potential.
While lawmakers wrangle over a fresh relief package and the prospect of a second stimulus payment, some Americans are still waiting for their first check.
The Congressional Progressive Caucus said it wants any deal to put money directly into the pockets of Americans.
Senate Majority Leader Mitch McConnell warned Tuesday that there will be no Christmas vacation for lawmakers without some sort of stimulus agreement.
Buffett urged lawmakers to "just renew the PPP and get us to the end of the tunnel."
While lawmakers push for a relief package to be signed off, polling indicates the public doubts this will happen by Friday.
It is nearing nine months since the last COVID-19 relief bill, the CARES Act, was passed—as lawmakers attempt to push something through before their next recess.
"We cannot go home until there [are] strong unemployment benefits plus $1,200 per adult, $500 per kid for every working person and family in this country," said the senator from Vermont.
"I am very hopeful that next week, we will be able to act on substantial relief," Steny Hoyer said Sunday.
The $500 checks are available to residents working in fitness, entertainment and food service venues who have been affected by COVID-19 lockdowns.
"Our goal as a congregation is to give people a good start on 2021," said Reverend Minna Bothwell of the Capitol Hill Lutheran Church in Des Moines, Iowa.
When lawmakers return on Monday, they'll have until next Friday to approve a fiscal budget and desperately needed economic relief.
"The fact that we are having to beg for people to merely survive, to meet their most basic needs, is unconscionable," the Massachusetts Democratic congresswoman said.
A new poll found 81 percent of all voters want lawmakers to pass new relief within the next few weeks.
The House speaker said she still remained hopeful that a stimulus deal would be reached by December 18.
Independent Vermont Senator Bernie Sanders, a two-time Democratic presidential candidate, talked about the Democrats' rejection of the $1.8 trillion package during an interview with CNN's Jake Tapper on December 7.
Newsom's Plumpjack Group was singled out for receiving relief loans from the Small Business Administration's Paycheck Protection Program.
Lawmakers have been at an impasse since summer over a new round of financial stimulus, as the economic fallout of the COVID-19 pandemic persists.
The 651 billionaires gained a combined $1.06 trillion—more than the cost of sending $3,000 stimulus checks to every American.
Republicans tried to reopen the Paycheck Protection Program, a goal they say Democrats repeatedly blocked.
Democrats passed relief packages twice but criticized Senate Majority Leader Mitch McConnell for not bringing either to the floor for a vote.
Senate Majority Leader Mitch McConnell called the Democrats' rebuff of a White House proposal "bizarre and schizophrenic."
Senator Joe Manchin said Democrats wanted to include the checks but it made "no sense" if it meant losing expanded unemployment benefits in a new economic relief bill.
As a result of PPP employment requirements expiring, more than 900,000 jobs were lost within the first 4 weeks. This represents approximately 40 percent of the 2.3 million jobs that PPP has been credited with saving.
She tweeted late on Tuesday night: "I am being told that including another stimulus check is too expensive. Fine. Tax the rich and pay for it. Billionaires added $931 billion to their net worth during the padmemic. They can afford it."
Burdened with loans, unprotected by savings and entering an unsettled jobs market, students and recent graduates are fast becoming the most precarious generation in years.