Our mission that can assist you navigate the brand new regular is fueled by subscribers. To get pleasure from limitless entry to our journalism, subscribe today.

Perhaps you don’t want that second $1,200 stimulus test in spite of everything?

At the least that’s what extra economists and politicians are considering after higher than anticipated jobs numbers: On Friday we discovered the jobless charge dropped from 10.2% in July to 8.4% in August, soundly beating the consensus estimate of 9.8%.

And that robust jobs report is already making it much less probably Congress might be as beneficiant with the following financial stimulus bundle. On Monday, Goldman Sachs forecast the following stimulus bundle will are available at $1.5 trillion, beneath its earlier forecast of $2 trillion.

Goldman Sachs initiatives the following stimulus invoice will embrace $400 per week in enhanced unemployment advantages, extra small enterprise support, and “modest” state fiscal support. Nevertheless, Goldman Sachs researchers’ foresee no second spherical of $1,200 stimulus checks.

“There seems to be lukewarm help for an additional spherical of funds to people and considerations relating to the general dimension of the bundle may crowd out an extra spherical of checks,” wrote the Goldman Sachs researchers. “Whereas there may be not robust opposition to a different spherical from any of the primary events to the negotiations, it’s not the highest precedence of any group, both.”

Republican and Democratic leaders have struggled for months to come back to phrases for an additional broad stimulus bundle. Republicans are currently offering $1.3 trillion, while Democrats are offering $2.2 trillion.

Home Speaker Nancy Pelosi stated earlier this month Democrats refuse to go beneath $2 trillion. For the Goldman Sachs forecast to develop into a actuality, Democrats must stroll again on that stance.

And whereas political help for stimulus checks is perhaps waning, Democratic and Republican leaders have but to publicly say they’re excluding it from their stimulus request. The second spherical of stimulus checks would value round $290 billion—the value tag of the primary spherical of stimulus checks.

For now it seems to be a ready sport: The consensus on Capitol Hill is nothing will get signed earlier than the top of September—when U.S. lawmakers are required to approve extra federal funding to stave off a authorities shutdown.

Extra must-read finance coverage from Fortune: