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When Could We See a Third Stimulus Check & How Much Is It


The $1.9 trillion coronavirus plan that includes a third round of stimulus checks for Americans has passed both the Senate and the House. But when will we actually receive the money?
The   American Rescue Plan calls for a third round of stimulus checks - $1,400 for people earning $75,000 or less. $2,800 per couple with incomes less than $150,000.
President Biden is expected to sign the legislation that passed by a vote of 220-to-211 on Friday, March 12th in a White House ceremony. The IRS could then start sending out checks as early as next week to Americans who have set up direct deposit for their tax refunds. Many could start receiving money anywhere from late March to early April. ....

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COVID relief package update: House passes $1.9T pandemic bill on near party-line vote, includes $1,400 stimulus checks


The COVID relief bill heads to the Senate: What s in it for you?
The overall relief bill would provide $1,400 payments to individuals, extend emergency unemployment benefits through August and increase tax credits for children and federal subsidies for health insurance.
It also provides billions for schools and colleges, state and local governments, COVID-19 vaccines and testing, renters, food producers and struggling industries like airlines, restaurants, bars and concert venues.
Moderate Democratic Reps. Jared Golden of Maine and Kurt Schrader of Oregon were the only two lawmakers to cross party lines. That sharp partisan divide is making the fight a showdown over whom voters will reward for heaping more federal spending to combat the coronavirus and revive the economy atop the $4 trillion approved last year. ....

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High-Profile Economists Fear Biden's Stimulus Package Could Cause a Harmful Inflation Spike


By  
Feb 21, 2021 12:33 AM EST
The $1.9 trillion coronavirus relief package from President Joe Biden is speeding toward passage at least before mid-March. But as Congress prepares the huge stimulus package, a few leading left-wing economists had raised an alarm about the possibility of inflation, conjuring up images of the 1970s, when the central bank failed to contain rising rates, wiping out wage increases.
Economists fear Biden might cause inflationary pressures
(Photo : Rob Kim/Getty Images)
NEW YORK, NY - JANUARY 30: Former Treasury Secretary Larry Summers visits FOX Business Network at FOX Studios on January 30, 2015 in New York City.
In the Democratic Party, the most notable voice warning of inflation danger came from inside. President Joe Biden might cause inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and financial stability. Bill Clinton s former treasury secretary and economic ....

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