Biden Says Americans Could Receive Stimulus Checks This Month


On Saturday, President Joe Biden said that Americans will start receiving their stimulus checks this month.

The Senate passed a $1.9 trillion package yesterday that the House hopes to approve on Tuesday. “When we took office 45 days ago, I promised the American people that help was on the way. Today, I can say we’ve taken one more giant step forward in delivering on that promise that help is on the way,” Biden said. “This plan will get checks out the door starting this month to the Americans that so desperately need the help.”

Democrats hope to get the bill signed by President Biden before unemployment benefits expire on March 14. The Senate made significant changes to the bill approved by the House. Unemployment benefits, stimulus checks, and student loans were some of the main changes.

The Senate legislation lowered the income for receiving stimulus checks, eliminating an estimated 12 million Americans from contention. The checks will be sent to individuals via direct deposit if the IRS has banking information. One expert stated that checks could arrive as early as two weeks after the legislation gets finalized. Paper checks will take longer.

View the Full Story Here.


Economics, Finance and Investing