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Will President Biden Make A Fourth Round Of Stimulus Check?

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Will President Biden Make A Fourth Round Of Stimulus Check?

Biden’s press secretary says there is still considering going on regarding a fourth direct stimulus check to Americans.

After the hit faced by the economy during the COVID-19 pandemic, it is now starting to show signs of recovery.

There is a drop in jobless rates and the rates of coronavirus infections across the country, which is a big sign of relief to lawmakers and Americans in the U.S.

But, there are also signs of Americans still facing financial issues.

The Bureau of Labor Statistics last week issued the May 2021 jobless report showing that about 9.3 million Americans are still jobless, it is still more than the 5.8 million who were out of work just before the pandemic strike.

The fourth stimulus check could help to lift 7.3 million Americans out of poverty.

According to a press briefing on June 3 White House Press Secretary Jen Psaki, the president is open to a range of ideas from lawmakers.

But in his $4 trillion spending proposals for infrastructure, education, and childcare, he has not included the fourth round of direct payments.

Biden is now focusing on jobs and helping the U.S. economy instead of patching up the near future with just a stimulus payment.

He is also working on the most effective way for putting people back to work, to get through this testing period, and making Americans more competitive over the long term.

While the White House is focusing on jobs and the economy right, the lawmakers in recent months have been pushing for another round of stimulus money. Over 80 lawmakers, few members of the House Ways and Means

Committee and over two dozen senators were supporting more stimulus payments.

In a petition on Change.org millions of Americans are also calling for ongoing $2000 monthly stimulus checks.

More than 2.2 million had signed a petition for seeking monthly stimulus checks to be issued to every American.

Reference Source: Nasdaq

https://www.compareclosing.com/mortgagenews/will-president-biden-make-a-fourth-round-of-stimulus-check/

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