In November, consumer confidence slipped slightly, with ongoing concerns over the Delta variant and rising prices. . All of the tacit and explicit support for stimulus checks keeps the possibility alive. This is fourth stimulus check update, new stimulus package update & infrastructure update, and daily news report. But a subsequent ruling by the Senate parliamentarian, who interprets the legislative body's rules, opened up a path for additional spending legislation. On Face the Nation back in June, Bank of America CEO Brian Moynihan estimated that its customers had not spent 65-70 percent of their last two stimulus checks at that point. Follow us on Facebook! They have not been eligible in the previous two rounds of relief. The U.S. Department of Agriculture allocated up to $700 million for the limited-scope stimulus check. Additional batches of payments will be sent in the coming weeks by direct deposit and through the mail as a check or debit card. CHECK YOUR IN BANK! Consumer spending remains strong, with the rate up 1.7 percent in October, as compared to a 0.8 percent rise in September. In addition to helping working parents pay for childcare, the plan sought to allow more parents to return to the workforce. A fourth stimulus check from the government could take one of two forms: monthly checks in fairly small amounts, or one-time payments of up to $2,000. While a fourth stimulus check does not seem likely for now, in the meantime the IRS has released information about plus-up payments and Recovery Rebate Credits, two ways to get additional money from the three stimulus bills passed since the COVID-19 pandemic began. Core consumer prices -- excluding food and energy, which tend to be volatile -- rose 0.6 percent. However, Senate Minority Leader Mitch McConnell, R-Kentucky, didn't appear to agree. Biden did sign a bill dubbed the Inflation Reduction Act in August, but it did not include stimulus checks. The Democrats used a process called reconciliation to pass the bill in the Senate without Republican support. So far, these are the states who have made a game plan to use the money as a fourth stimulus check. Stimulus passes Congress: Here's when you'll get $1,400 Congress passed the $1.9 trillion COVID-19 economic relief package Wednesday and President Joe Biden plans to sign it by week's end,. "Recurring direct payments until the economy recovers will help ensure that people can meet their basic needs, provide racially equitable solutions, and shorten the length of the recession.". Additional co-signers included New York's Alexandria Ocasio-Cortez and Michigan's Rashida Tlaib, two other notable names among House Progressives. The country's gross domestic product (GDP), an estimate of economic activity across the U.S., has surpassed pre-pandemic levels. Is a fourth stimulus check arriving in 2022? - al.com They're also unlikely to use reconciliation to pass another stimulus check on its own. The overall consumer price index rose at an annualized 5.4% rate in June. Back when theAmerican Rescue Planrolled out, all 50 states as a whole were given $195 billion ($500 million minimum for each state) to help fund their own economic recovery closer to home.1Thats a lot of dough. Over the following months, about 169million people received up to $1,400 each. But it has not moved forward in the House of Representatives and has little chance of passing. WTF? About half of all states tried to force the issue and push people back into the job market. You read that right. No amount for the payments was specified. These 19 States Are Sending Out Stimulus Checks - Forbes But while the plus-up payment will come to you automatically once your return is processed by the IRS, the rebate credit is something you have to claim on your 2020 return. But other considerations factor into one's ability to work too. The clip of Biden is from his signing ceremony on Inauguration Day. Tags: Money, California, Stimulus, News, Economy Original Author: Asher Notheis Original Location: Stimulus update: Direct payments worth $500 for more than 300 families to be sent in 22 days Houston Texans - C.J. Start budgeting for free with EveryDollar today. No, you will not be getting a 4th stimulus check any time soon