Have you been leaning hard on your credit cards through the pandemic, and racking up costly interest? Make your debt more manageable - and pay it off more quickly - by folding your balances into a lower-interest debt consolidation loan. If you’re anxiously waiting for a third stimulus check and are already worrying about your income later in the year, you have some options to build more cash into your budget. What if you think you'll need more relief? With other priorities on his mind including climate change, health care and infrastructure, the president probably won’t want to use up his remaining opportunity to dole out more stimulus checks. House Republicans all voted no on Saturday.īiden and the Democrats can use the streamlined, go-it-alone approach just one more time this year, and they'd have to wait until the next fiscal year starts on Oct. A big barrier to further stimulus checksīeyond the likely opposition, there's a more complicated reason you shouldn't get your hopes too high for more cash from Uncle Sam.ĭemocrats are currently pushing Biden’s $1.9 trillion stimulus bill through Congress using an arcane budget process that allows them to pass the legislation with simple majorities - and potentially no Republican support. Republicans already oppose the third checks as expensive and unnecessary, and some Democrats believe the payments should be more targeted to people with lower incomes. Retail sales surged in January after Round 2 of the checks went out, and Macy's is expecting a big sales boost in the coming months from a third round.īut a plan for future, recurring checks would have no shortage of detractors. Omar tweeted in January that she’d like to see the government provide $2,000 per month to carry people through the crisis.ĬEOs of retail chains would likely support giving more government cash to consumers. While the letter from the lawmakers doesn't suggest a dollar amount for the regular payments, Rep. Some consumers likely went shopping for affordable life insurance, because those policies have seen a surge in demand during the pandemic. Others used at least a portion of the cash for saving and investing, a bureau survey found, or for other purposes. Last April, the very first, $1,200 checks were mostly spent on household expenses like groceries and rent, according to the U.S. ![]() Much like the earlier two rounds of stimulus checks, the expected third batch would help Americans with the essentials. “One more check is not enough during this public health and economic crisis,” the letter says. representatives, including Minnesota's Ilhan Omar and New York's Alexandria Ocasio-Cortez, have signed a letter pressing President Joe Biden’s administration to issue recurring stimulus checks to help Americans cover essential needs for the duration of the pandemic. Some Democrats push for more stimulus checksįifty Democratic U.S. ![]() ![]() ![]() So is it realistic to hope for further relief payments? Here's a closer look. So if you'd find yourself needing more money for bills and to pay down debt, you'd have it.īut the current relief bill cleared the House early Saturday on a vote of just 219 to 212, and the Senate vote will be a squeaker. With March marking a full year of the pandemic and with Americans still struggling to get by, some lawmakers are arguing for a fourth stimulus check - and more after that. House Speaker Nancy Pelosi and the other Democrats who run Congress want the president to sign the bill by March 14, so you could receive your cash within weeks.Īnd will that be the end? No more direct payments? House just passed a COVID relief bill to give you a third stimulus check - for up to $1,400 - and the legislation now moves to the Senate. After the coming third stimulus check, will you get a fourth?
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