Will your third stimulus check be delayed by the Trump impeachment?

President-elect Joe Biden says there's "no time to waste," so he wants to give Americans a third round of coronavirus relief payments soon after he takes office, and leaders of the new Congress say they're on board.

But the Senate now finds itself facing what could be a lengthy impeachment trial, just as Biden will want lawmakers to pass those new "stimulus checks" as part of a massive COVID aid package.

Will the political drama bog down your next direct payment? And how much are you likely to get in the new go-round? Here's what we can say about the timing and size of third stimulus checks.

New checks are high on the agenda

It's been barely two weeks since Americans started receiving their second economic stimulus payments. Yet the final sum was just $600, after a push by outgoing President Donald Trump and Democrats to raise the amount to $2,000 died in Congress during the final days of 2020.

On Thursday, Biden unveiled a $1.9 trillion COVID relief package containing fresh direct payments. The soon-to-be Senate majority leader, New York Democrat Chuck Schumer, says it will be first on the agenda when the new Senate gets down to business.

"A crisis of deep human suffering is in plain sight," Biden said, "and there's no time to waste."

Many families whose finances have been shattered by the pandemic have been crying out for more government relief. After receiving the initial round of $1,200 checks last spring, Americans largely spent the money on basics like groceries and the usual bills, the U.S. Bureau of Labor Statistics says.

Some people also invested the money, a survey found, or used it for other key priorities. Those may have included buying affordable life insurance, as sales have soared during the current health crisis.

What's the possible timing on 3rd checks?

Still, the chamber will have that other big item on its plate. The House on Wednesday impeached Trump over the recent attack on the U.S. Capitol, and a Senate trial could begin after Jan. 19.

Biden will be sworn in on the 20th, and the new Democratic-controlled Senate may not be ready to go until Jan. 22. Biden's party will run both sides of Capitol Hill, which could make it easier for his proposals — including the next stimulus checks — to pass.

The incoming president has asked whether the Senate can split its time between impeachment and COVID relief, and Schumer tells The Buffalo News he's determined to make that happen. "We're going to have to do several things at once but we got to move the agenda as well. Yes, we've got to do both," he said.

How quickly could new payments go out? Under a best-case scenario, you could receive more cash in February, at the earliest.

What if you need more than $600 right now?

If the coronavirus is crushing your budget, and you need more than the latest $600 checks, here are some ways to scrape together money on your own:

• Hunt around in your budget for savings. Say goodbye to any subscription services you're not using. Do more cooking yourself, and stop ordering carryout so much. And download a free browser extension that will instantly check for better prices and coupons every time you shop online.

• Slash the cost of your debt. If you’ve been leaning hard on your credit cards during the COVID crisis, you're probably building up a mountain of interest. Tame your credit card debt — and make it go away more quickly — by rolling your balances into a single debt consolidation loan at a lower interest rate.

• Stop overpaying for insurance. Because Americans are driving less during the pandemic, many car insurance companies have cut their rates. If your insurer won’t give you a break, shop around for a better policy. You can also save hundreds on your homeowners insurance by comparing rates to find a lower price on that coverage.

• Refinance your mortgage and shrink your payments. Mortgage rates are lower than they've ever been, so refinancing your existing home loan could provide major savings. Mortgage tech and data provider Black Knight says 19.4 million U.S. homeowners could cut their housing payments by an average $308 per month through a refi.

How much might you actually get next time?

Biden had said the goal for the next round was to get Americans $2,000 stimulus checks — but is that how much you can look forward to? Actually, no.

The proposal he released on Thursday clarified that most Americans would receive another $1,400, which would be on top of the recent $600 payments.

Sen. Schumer gave an explanation earlier in the week, in a letter to his fellow Senate Democrats.

"Democrats wanted to do much more in the last bill and promised to do more, if given the opportunity, to increase direct payments to a total of $2,000 — we will get that done," Schumer wrote, according to The Hill.