Will there be a fourth check?
There has been some speculation that Congress could talk about another round of stimulus checks to help people during the pandemic, as I wrote for the Deseret News.
Now, Congress still hasn’t talked about it. In fact, there hasn’t been confirmation or denial, which means it could still be on the table.
- “House Speaker Nancy Pelosi and other congressional leaders have avoided commenting on whether more direct government aid is likely, meaning a fourth check is still possible,” according to Yahoo Finance. “But it’s seeming less probable.”
Why fourth stimulus checks are unlikely
However, there are a lot of unspent stimulus checks, which is why members of Congress have spoken out against another round of payments.
- U.S. House Republican Whip Steve Scalise said on ABC’s “This Week” in June that “there’s over a trillion dollars of money unspent from previous (coronavirus) relief bills ... still sitting in a bank account,” he said
But White House press secretary Jen Psaki suggested at the end of May that President Joe Biden would be open to another round of checks, in addition to his ongoing plans of the $1.7 trillion American Jobs Plan and the $1.8 trillion American Families Plan.
- “He’s happy to hear from a range of ideas on what would be most effective and what’s most important to the economy moving forward,” she said.