AMERICANS could start receiving $1,400 stimulus checks in less than a month as President Joe Biden is on track to sign his Covid aid bill by March 14.
Stimulus checks will likely reach taxpayers' bank accounts next month as The House Budget Committee approved Biden's bill on Monday afternoon with a vote of 19-16.
Senate Majority Leader Chuck Schumer revealed on the same day that the huge $1.9trillion package is on its way to reaching the president's desk by mid-March, according to reports.
The full House of Representatives hopes to pass the bill later this week.
The spending package includes an increase in the federal minimum wage to $15 per hour, $1,400 direct checks for Americans making $75,000 or less a year and an extension of $400 federal unemployment benefits.
Democrats are pushing to pass the bill quickly to prevent a lull in federal unemployment payments as The Pandemic Emergency Unemployment Compensation Program (PEUC) expires on March 14, 2021.
If relief checks pass through Congress on March 12 and a stimulus bill gets signed into law two days later (on March 14), the first direct deposit checks are speculated to arrive during the week of March 22, CNET reports.
According to the news outlet, with a March 16 bill passage date, the first paper checks would arrive during the week of March 29 and EIP cards would be sent on the of April 5.
However, if Congress doesn't pass relief checks until March 22 and Congress ends up signing the bill into law on March 23, the first direct deposit checks would arrive into taxpayers' bank accounts on the last week of March.
With a March 22 passage date, the first round of paper checks would be sent on the week of April 5 and EIP cards would be sent out the following week.
Despite the different projection dates, claims for missing stimulus money would open up on the same date – May 3.
Biden said on Twitter said that the next round of stimulus checks are to be counted on top of the smaller $600 ones that were sent out at the beginning of the year.
"We committed to you, Democrat and Republican, a $2,000 stimulus check. $600 came forward last time around. Another $1,400 will be coming," the president explained.
And Biden's stimulus bill could be delayed due to fury over $1,400 checks for families with undocumented immigrants.
The Republican Study Committee wrote a three page document detailing how to fight against the $1.9trillion package.
Meanwhile, the Democrats' $1.9trillion Covid relief bill has been slammed as a "job killer" which will increase the cost of living for working families.
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