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Biden stimulus update: When is my third IRS check, unemployment, or student loan forgiveness coming?

So Joe Biden is now president, and he’s leading a Democrat-led Congress to pass a $1.9 trillion in stimulus aid. So deposits will be arriving in your bank account any day, right? Well, no. First comes the vote-a-rama. Here’s the latest as we head into the weekend:

WHAT THE HELL IS A VOTE-A-RAMA?

The Senate pulled an all-nighter on Thursday to vote on over 700 amendments that GOP legislators attached to a stimulus aid budget resolution. They finished at 5:30 a.m. ET. (Said Senate Majority Leader Chuck Schumer at 2 a.m.: “If we stay in our chairs, we might make it by sunrise. But we’ve really got to cooperate here.”)

THIS IS HOW OUR LEGISLATIVE SYSTEM WORKS? REALLY?

Yes. This vote-a-rama thing was not, actually, a vote on the $1.9 trillion stimulus bill, which would have required 60 votes to pass. Rather, it was a $1.9 trillion budget resolution, which only requires 51 votes to pass, and now paves the way for Democrats to push through $1.9 trillion in coronavirus relief without any Republican votes. Next comes the budget reconciliation process, where committees will draft legislation to fulfill the approved budget.

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