Congress is hustling to deliver a coronavirus stimulus package before it breaks for the holidays, and it looks likely that we’ll see some form of aid stamped out shortly. If news sources are correct, for Americans that could include a second round of individual stimulus checks, although negotiations have trimmed the amount from $1,200 to $600 per person.
Approval for the checks could come within hours, but as we know, the federal government is also a slow-moving horse—so when will you actually see that cash in your bank account?
Here’s an expected timeline:
Congress passes a relief bill: It could happen by next week. Legislators are currently sweating to finalize a spending bill by Friday, when the government runs out of money, and could possibly eke out a relief bill at the same time. If not, congressional leaders have vowed not to leave Capitol Hill for the holidays before tying up an aid package.