The pandemic’s fourth stimulus check has so far been nothing more than talk, but when Congress comes to work following the Memorial Day holiday, it may get closer to becoming a reality this week.
Several politicians have been pressing for a new relief payment, and they’re likely to press even harder now that some new circumstances have emerged. Fresh indications that stimulus cheques are having an impact on Americans’ lives, as well as new, possibly hopeful statements from the Biden White House, are among them.
Support for a Fourth Stimulus Package Grows
It’s been over three months since the IRS began disbursing the government’s third round of COVID stimulus checks, worth up to $1,400, and the money has long since vanished from many homes. Here’s the latest on whether you’ll get extra assistance to help you pay your expenses and get out of debt.
Over 80 members of Congress, largely Democrats, have signed letters encouraging President Joe Biden to support a fourth stimulus package. The newest to join the cause are seven members of the House Ways and Means Committee, a legislative group with major power over federal spending.
The Ways and Means members said in their letter to Biden that a fourth and fifth stimulus checks would keep an extra 12 million people out of poverty.
The legislators do not propose a cash sum for the new payments. Other members of the House and Senate, as well as a Change.org petition with 2.3 million signatures, have asked for $2,000 payments.
Americans Still Need Assitance
Despite the fact that the economy is improving, there are indicators that many Americans still want assistance. According to the government’s employment report released on Friday, 9.3 million people are jobless, significantly more than the 5.8 million who were jobless in February 2020, before the epidemic hit.
Meanwhile, proponents of further stimulus checks might point to fresh evidence that the prior payments were helpful: According to a University of Michigan review of census survey data, the previous two rounds of government aid have been important in keeping Americans nourished, housed, and psychologically well.
From January to April, the number of homes with children reporting food shortages fell by 42%, while total financial instability fell by 43%. The number of people reporting regular anxiety and despair has dropped by more than 20%.
President Biden has yet to react to calls for at least one such direct payment. His spokesman, on the other hand, only said that another stimulus check would be good with him.