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The House passed another major relief package, this time $1.9 trillion, that includes $1400 stimulus checks for a majority of Americans. Now the Senate has to approve it before this bill becomes realized, but the belief is they won't unless it's parred down.
The Senate wants to limit the amount of people that can get the stimulus check by changing the income thresholds and phase outs, to curtail the money printing. Which does make some sense but also is seriously slowing up the process. So it's believed the bill will be sent back to the House for a revote after its changed. We shall see.
But for timeline, there is some hope we are still on progress with March deadlines Dems have touted since Biden got in office. They are now saying they want this all done by March 14th, which incidentally is the same date that extra unemployment and other assistance measures expire, something this bill is also going to reup.
So even if the bill gets debated, sent back, changed slightly or a lot, the hope is still getting it passed by March 14th. Or very close to the date. That means we could be seeing first checks be deposited as soon as a week after, roughly March 21st.
Of course that's all just speculation at this point, given how hard it is for Congress to act, but wanted to put this out there and will update here if and when more clarity comes.