Joe Biden promised the American people another round of much-needed COVID-19 stimulus checks. Now, when can Americans expect to receive a payment?
President Biden has proposed a $1.9 trillion relief package called the American Rescue Plan. Included in this package is stimulus checks for Americans that should be totaled at $1,400 per person. Biden's proposed plan is expected to pass the House of Representatives as Democrats hold a clear majority, unlike the Senate where there is an almost even split.
According to Heights Securities analyst Hunter Hammond, Biden's proposed package will likely be trimmed down to $1 billion or $1.5 billion, but this trimming won't affect the the $1,400 payments, which are key to Biden's plan. It's expected that if the Congress passes the plan soon Americans can expect stimulus payments being rolled out by the end of the first quarter of 2021. For more information on this story, check out this link here.
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