Stimulus Check Update: Congress Moves One Step Closer to Another Round of Direct Stimulus Payments

Stimulus Check Update: Congress Moves One Step Closer to Another Round of Direct Stimulus Payments
Dana George, The Motley Fool
·4 min read

On Monday, the House Budget Committee approved President Joe Biden's $1.9 trillion COVID-19 relief bill, moving Americans one step closer to a third round of direct stimulus payments. The president's bill -- known as the American Rescue Plan (ARP) -- will next go to the House Rules Committee. For example, most House Republicans have made it clear that they will fight Biden's $15 minimum wage proposal, meaning it may have to be shelved for the time being.