WASHINGTON DC. – Congressional Democrats are pushing through the nearly $ 2 trillion coronavirus aid package from President Biden, paving the way for a third $ 1 stimulus check$ 400 for millions of Americans – and households could get the money in just a few weeks

Once Congress passes the Emergency Aid Act, Biden must sign the legislation to release the money.The IRS and Finance Department would then distribute the cash payments through direct deposit, mailed checks, and prepaid debit cards

It took the federal government about two weeks to complete the first round of Jan.$ 200 payments to distribute in April, and about a week to send out the second round of checks worth $ 600 in January House Majority Whip Rep. Jim Clyburn, D-SCYahoo Finance said last week that Americans can expect to receive the money “within a week” of the bill being passed

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The White House is keeping an eye on the first week of March to enforce the bill and take relief measures as the additional unemployment benefit is currently on Aug. March expires Assuming Congress meets this deadline, the money could arrive as early as mid-March

On Friday morning, the Senate took a critical step to break the $ 1 $ 9 trillion measure with no Republican buy-ins, approving a budget resolution that would allow them to pass the measure through a procedural tool known as “reconciliation.” to pass “The Senate passed budget resolution 51-50 on a party line with Vice President Kamala Harris breaking the tie

House committee chairs and Democratic leaders met with Biden at the White House During that time, spokeswoman Nancy Pelosi said her goal was to get a bill approved and sent to the Senate within two weeks as lawmakers want to pass the proposal before the next unemployment cliff on Jan. March

Legislation is expected to allocate $ 160 billion for vaccine distribution, increase the expanded unemployment benefit to $ 400 per week by September, and a third stimulus check worth $ 1Includes $ 400 that will add to the nation’s already growing deficit, which hit a record $ 3 trillion in fiscal 2020, excluding the $ 900 billion aid package passed in December
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It is still unclear which Americans will qualify for the payment. Biden has kept the size of the check – 1$ 400 – won’t change but has indicated that he is willing to restrict eligibility for the money The administration refused to comment on what they think the income threshold for the payments should be

“Further targeting does not mean the size of the check, but the income level of the people who receive the check,” White House press secretary Jen Psaki told reporters during a briefing last week, “This is under discussion”

Stimulus Update

World News – US – 1$ 400 Stimulus Check Update: When Might You Get Your Third Payment?

Source: https://www.fox29.com/news/1400-stimulus-check-update-when-could-you-get-your-third-payment