House passes Biden’s $1.9 trillion stimulus package


One other spherical of stimulus checks is one step nearer to changing into a actuality.

Sarah Tew/CNET

The US Home has handed President Joe Biden’s $1.9 trillion stimulus invoice late Friday evening, which incorporates a 3rd stimulus examine for as much as $1,400. The invoice handed 219-212, and can now head to the Senate for a vote. The package deal is on observe to go earlier than present unemployment advantages expire March 14.

The stimulus package deal, referred to as the American Rescue Plan Act of 2021, would ship a brand new stimulus fee as quickly as subsequent month. It might additionally prolong $400 weekly unemployment advantages till the top of August and allocate cash for COVID-19 vaccine distribution. The invoice consists of language round steadily rising the federal minimal wage to $15 per hour, although this faces sturdy opposition within the Senate and might be eliminated because it may not meet certain rules that apply to the distinctive means the invoice will go.

Learn extra: New stimulus examine: Standing replace, greatest unknowns, what may trigger a delay                   

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Democrats, who now management the Home and Senate because of Vice President Kamala Harris’s tie-breaking vote, are dashing up the passage of a invoice utilizing a way referred to as finances reconciliation, which can permit them to maneuver ahead with out Republican help. (GOP leaders have mentioned the quantity of the almost $2 trillion stimulus invoice is too high.)

Final yr, certified Individuals obtained two stimulus checks: one for $1,200 and a second one for $600. For this third spherical of checks, the invoice may make grownup dependents in addition to youngsters, and households with mixed-status citizenship, eligible for a fee.