Third stimulus check: When could you get a $1,400 check?

third stimulus check

President Joe Biden’s $1.9 trillion coronavirus relief plan proposes the third round of stimulus checks of $1,400 for most Americans. Yet while that could extend a helping hand to millions of households still suffering from the pandemic’s economic fallout, it could be weeks until the payments arrive, analysts say.  

The price tag for the relief package, called the American Rescue Plan, faces pushback from some Republican lawmakers, who last year resisted Democratic efforts to pass a $2 trillion bill. Heights Securities analyst Hunter Hammond expects a final package could be passed in the first quarter and range from $1.5 to $2.2 trillion. 

On February 1, a group of 10 Republican lawmakers unveiled an alternative stimulus plan that would scale back the checks to $1,000 per adult and lower the income cap for receiving payment. That plan would cut the cost of a third stimulus check to $220 billion, compared with $600 billion under Mr. Biden’s more generous package.

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