Now that Biden is President, many are wondering if we will see another stimulus check and so far, it seems promising.
In fact, we could see $1,400 Stimulus Payments Pass As Early As This Week!
Here’s what we know so far…
According to reports, Congress is trying to speed this process along to get money in American’s hands as soon as possible.
The next batch of stimulus checks would be for $1,400 — to top off the $600 payments that started going out in late December.
This new stimulus check is part of President Biden’s $1.9 trillion COVID rescue package. He says the recent $600 payments were “simply not enough.”
“You just have to choose between paying rent and putting food on the table,” Biden said in a speech outlining his proposal.
Democrats and former President Donald Trump had wanted to provide $2,000 in that round but were unable to since Republicans shot down the idea and also lead the Senate at that time.
Since there is currently a new Senate, with Biden’s Democratic party in control, it could make it easier for the new checks to pass.
Speaker Nancy Pelosi says the U.S. House is fast-tracking Biden’s plan, with House committees expected to vote on it by the end of the week.
She says it will be “completely ready” for the full House to pass next week, Pelosi says.
So, if all goes well and Congress does pass this, you could expect to receive your next stimulus payment by late February. But if there are any snags — and those are possible, too — you might have to wait until March or even April.