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Bigger Stimulus Checks To Hit Your Bank in February, White House Says!

Stimulus Checks
Bigger Stimulus Checks are coming in February next year. (Photo: The Guardian)

Psaki said in recent days that the White House is seeking to have a law passed in January that pays bigger checks in February next year.

Stimulus Checks

Bigger Stimulus Checks are coming in February next year. (Photo: The Guardian)

Statement from White House Press Secretary

In a recently published article in BGR, White House press secretary Jen Psaki indicated in recent days that the White House is working for passage of a measure that pays these checks, one way or another, in January. And that the Biden administration may issue families a significantly larger payment in February to make up for missing one in January.

Psaki said “If we get it done in January, we’ve talked to Treasury officials and others about doing double payments in February as an option,” However, this isn’t the first time it’s been done. In the previous reports, it was highlighted that some families received a substantially larger stimulus payment for the child tax credit this month than others.

Some families didn’t sign up for these checks until the end of the year. To make up for what they had missed, the federal government paid them back this month in the form of an interest-free loan. Over a six-month period, compensating other families for missing payments.

More Stimulus Checks are Coming

The Biden administration hasn’t given up on the Build Back Better initiative yet. No matter how many times Senator Manchin refuses to endorse it. That’s encouraging. As senior Obama adviser David Axelrod points out in the tweet above, breaking apart the bill might be a viable option going forward. In other words, to vote on smaller portions of it.

Another round of stimulus checks in 2022, on the other hand, will be considerably more difficult to implement than they were in 2018. One? The midterm elections will take place in 2022, as is customary. Republicans will have no reason to hand any victories to Biden in the next election. It’s possible that the same is true for Democratic candidates who are in danger of losing their seats in the next election.