Advertisement
UK markets closed
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • CRUDE OIL

    83.70
    +0.89 (+1.07%)
     
  • GOLD FUTURES

    2,345.40
    +7.00 (+0.30%)
     
  • DOW

    38,077.61
    -383.31 (-1.00%)
     
  • Bitcoin GBP

    51,618.11
    +414.75 (+0.81%)
     
  • CMC Crypto 200

    1,394.31
    +11.74 (+0.85%)
     
  • NASDAQ Composite

    15,607.49
    -105.26 (-0.67%)
     
  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     

$1,400 stimulus checks could go out this week

Eligible Americans could have $1400 in their hands as early as this week with President Biden's $1.9 trillion economic relief bill set to clear the final hurdle.

The House is expected to pass the revised stimulus package on Tuesday after the Senate passed its version over the weekend.

Nearly 160 million households are expected to get the cash payment, according to White House estimates.

Getting payments out to Americans who regularly file tax returns will be the easy part. It will be challenging, however, to get money to other groups who are eligible to receive checks this time around: including the incarcerated, those with non-citizen spouses and relatives of those who died in 2020. In addition, the IRS will have to locate the homeless and others who fell through the cracks during previous stimulus payments.

ADVERTISEMENT

And, of course, this all comes at the busiest time of the year for the IRS with the April 15 tax deadline a little more than a month away.

Nevertheless, a U.S. Treasury spokeswoman said the Treasury Department stands ready to get the money out electronically or through paper checks as soon as Biden signs on the dotted line.