Third stimulus check: This is when you can get an instant payment of $1,400 – Community News
Stimulus Check

Third stimulus check: This is when you can get an instant payment of $1,400

Covid-19 economic stimulus check in female hand on the blurred background of the USA flag. Utility concept.

WILMINGTON, Del. (NEXSTAR) — President-elect Joe Biden unveiled a $1.9 trillion dollar emergency response plan for the coronavirus on Thursday, including $1,400 checks for most Americans.

On top of the $600 provided in the most recent COVID-19 bill, the checks would bring the total to the $2,000 Biden has requested.

Now that the Democrats are in charge of the presidency and Congress, the general plan has a good chance of being passed. However, the process may take longer than many Democratic leaders hope. The checks are part of a complex and tiered plan that includes raising the minimum wage to $15 an hour, expanding paid time off for employees and increasing tax credits for families with children.

Analysts noted that a one-time bill focused only on stimulus checks could be quickly adopted. Something totaling nearly $2 trillion can take days, if not weeks, of debate and discussion.

But before that happens, Biden must take office, as must the two new Democratic senators from Georgia. The results in Georgia must be certified first. The deadline to certify the results is Friday, January 22. Biden will take office on Wednesday.

This means that February is probably the earliest we can see a package approved.

Once approved, the US Treasury Department was able to hand out the checks within days. They have significantly improved processing speed from the first round of $1,200 checks to the more recent $600 payment.

There is some concern that impeachment proceedings against the outgoing president could delay the trial. The Senate trial of Donald Trump is expected to begin shortly after Biden takes office. Whether it turns out to be a distraction in the stimulus process, of course, remains to be seen.

The coronavirus emergency response plan comes as a divided country is gripped by the most dangerous wave of the pandemic yet. More than 385,000 people have died from COVID-19 in the US so far. On Thursday, government figures reported an increase in weekly unemployment claims to 965,000, a sign that rising infections are forcing companies to cut spending and lay off workers.

According to Biden’s multi-track strategy, about $400 billion would go directly to fighting the pandemic, with the rest focused on economic aid and aid to states and localities.

About $20 billion would be allocated for a more disciplined focus on vaccination, on top of the roughly $8 billion already approved by Congress. Biden has called for mass vaccination centers to be set up and mobile units to be sent to hard-to-reach areas.

The Associated Press contributed to this report.