Please disable your adblock and script blockers to view this page

Fourth stimulus check: Will Americans get recurring relief payments?

Watch CBSN Live
the Coronavirus Aid Relief and Economic Security Act
the American Rescue Plan
a Center on Budget and Policy Priorities
the Federal Reserve Bank of New York
Bloomberg/Morning Consult
the University of Michigan
Humanity Forward
the White House
American Families Plan
the Child Tax Credit's
JPMorgan Chase
Oxford Economics
CBS Interactive Inc.
ICE Data Services
The Associated Press.

Aimee Picchi
Joe Biden
Gavin Newsom
Jason Furman
Greg Nasif
Eliza Forsythe
Raymond James
Ed Mills
Brian Gardner
Jamie Dimon
Oren Klachkin
Gregory Daco


No matching tags

No matching tags


No matching tags

Positivity     39.00%   
   Negativity   61.00%
The New York Times
Write a review: CBS News

But some lawmakers are pushing for a fourth round of stimulus aid that would effectively send recurring payments until the pandemic ends.So far, the federal response to the economic crisis caused by the coronavirus pandemic has delivered $3,200 to each eligible adult: $1,200 via the Coronavirus Aid Relief and Economic Security Act in March 2020; $600 in a December relief measure; and $1,400 under the American Rescue Plan signed in March by President Joe Biden. So far, people who have received the three rounds of stimulus payments said they're using most of the funds to pay down debt or sock away the money in savings, according to a recent analysis from the Federal Reserve Bank of New York. That's down from about 8 in 10 people in March 2020, when the pandemic caused widespread unemployment, but overall the share of people who need additional support remains elevated more than a year later, according to the personal finance firm.About 1 in 3 people said the stimulus aid would help support them for less than one month, the survey found.Millions of Americans were spared hardship due to the three rounds of stimulus payments, researchers have found. More than 150 economists, including former Obama administration economist Jason Furman, signed a letter last year that argued for "recurring direct stimulus payments, lasting until the economy recovers."Although the economy is improving, including a surge in hiring in March, millions of people continue to suffer from reduced income and have not been able to tap government aid programs, said Greg Nasif, political director of Humanity Forward, a nonprofit pushing for recurring stimulus payments.

As said here by Aimee Picchi