Congress To Speed Along $1,400 Payments This Week

Congress To Speed Along $1,400 Payments This Week

Your next stimulus check: Congress to speed along $1,400 payments this week

Doug Whiteman   Mon, January 25, 2021

Congress plans to take steps this week toward quickly passing President Joe Biden's coronavirus aid proposals, including a third wave of direct relief payments for most Americans.  The next batch of stimulus checks would be for $1,400 — to top off the $600 payments that started going out in late December. Democrats and former President Donald Trump had wanted to provide $2,000 in that round but were thwarted by Republicans leading the Senate at that time.   Now, there's a new Senate, with Biden's Democratic party in control. That could make it easier for the new checks to pass, though there are a few potential challenges.

Here's what to expect this week, plus the latest estimate on when you're likely to get more cash.

New checks given high priority

Biden has announced a wide-ranging $1.9 trillion COVID rescue package, containing the new stimulus checks. 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. The first $1,200 relief payments Americans received last spring were largely spent on expenses for just getting by, including groceries and rent, the U.S. Bureau of Labor Statistics has said.


 To continue reading, please go to the original article here:

https://finance.yahoo.com/news/next-stimulus-check-congress-speed-153600418.html

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