AMERICANS may be getting a fourth stimulus check soon as Democratic Reps Alexandria Ocasio-Cortez and Ilhan Omar insist families are still struggling.
Their push for another coronavirus payment comes as 90million people received their third check by 1pm ET on St Patrick's Day – less than a week after Joe Biden signed the $1.9trillion relief into law last Thursday.
According to Politico, some Democrats in Congress like AOC and Omar don't think the trillion-dollar relief bill is enough and wanted another round of payments rolled out.
Two months before Biden's landmark signing, 50 Democratic members of the House of Representatives wrote a letter to him suggesting recurring direct checks.
It read: “Another one-time round of checks would provide a temporary lifeline, but when that money runs out, families will once again struggle to pay for basic necessities.
"One more check is not enough during this public health and economic crisis.”
Minnesota politician Omar was the letter’s lead signatory while Ocasio-Cortez also added her signature.
Omar addressed the issue in a January press release.
“A one-time payment of $2,000 is simply not enough. The American people are counting on us to deliver transformative change, and we need to meet the moment by delivering monthly payments of $2,000," she said.
Meanwhile, 11 Democratic senators also called for recurring direct payments rather than a one-off $1,400 payment.
CNBC reported that they also wanted increased unemployment benefits at the beginning of March.
Although recoccuring payments didn't make the cut for Biden's bill, a fourth Covid-19 payment may still happen but would require bipartisan support from the GOP.
This comes after big banks didn't send out the checks immediately after Biden passed the bill like one Fin-tech startup like Chime because they didn't have the funds.
While the banks won't receive any of the cash until 8.30am ET, the funds must be made available to all US account holders by 9am.
The IRS has not said how many checks have been sent out, but the Independent Community Bankers of America (ICBA) said it expects around 90 million direct deposits worth a total of $242 billion to be issued on Wednesday.
An additional 150,000 checks with a payment date of March 19 have also been mailed out by the agency on Wednesday morning, the Washington Post reported.
“Additional batches of payments will be sent in the coming weeks with the vast majority sent by direct deposit,” ICBA said in an online update to banking members. “Payments will also be sent through the mail as a check or debit card.”
Although the IRS stated the official payment date for the money would be March 17, the agency began distributing payments to certain individuals over the weekend, provoking outrage.
Customers of JP Morgan Chase and Wells Fargo fumed on social media that they were unable to immediately access the cash and accused their respective banks of needlessly withholding the funds.
However, both of the banks told The Sun that the delays over payments were out of their control and promised to provide all direct deposits "according to the effective date provided by the US Treasury."
On Monday, Biden said his administration would reach the milestone of delivering 100 million payments and administering 100 million COVID-19 vaccines over the "next 100 days".
"Shots in arms and money in pockets,” he said.
Source: Read Full Article