Why approval of a third stimulus check could become a reality after this week | The State

Why approval of a third stimulus check could become a reality after this week

The impeachment proceedings against still-President Donald Trump may delay negotiations for a third stimulus check.

Chip Somodevilla / Getty Images

Last week, the president-elect Joe Biden released his proposal for a new stimulus package for the coronavirus that includes a third stimulus check of $ 1,400 for most Americans.. And this week, the country will get closer to making this proposal a reality when Biden and two new Democratic senators from Georgia take office in the Senate.

Still, the process may take longer than many Democratic leaders expect, as the stimulus package also includes raising the minimum wage to $ 15 an hour, expanding paid leave for workers, and increasing tax credits for families with children. .

However, a single bill that focuses on just a third stimulus check is likely to pass quickly. Such a project would cost around $ 2 billion and could take days, if not weeks, of negotiations..

Once either bill is approved, the U.S. Department of the Treasury could distribute the third stimulus check in a matter of days, as the department has improved the speed of processing payments since the first round of checks. $ 1,200 stimulus package, as reported on Fox 8.

Likewise, there is some concern that impeachment proceedings against still President Donald Trump could delay the process. Donald Trump’s Senate trial is expected to begin shortly after Biden takes office, and it could distract lawmakers.

– You may also be interested: Why is a third stimulus check not yet approved?


Leave a Reply

Your email address will not be published. Required fields are marked *