Stimulus Check: Why There Will Be No More Checks?

Stimulus Check is the most welcomed word in America. As of now, demands for the checks have surged drastically. 

Petitions have been made favoring the provision of the fourth round of payments. Amidst all the demands, fake news a doing the rounds. 

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Recently, news of a bonus check of $7000 gained significant ground. People everywhere began talking about the possibility of the check. 

Much to the disappointment of the citizens, the speculations have been turned down. Sources have stated the claims to be false. 

No news of any more payments has been announced by the federal government. After the third of the Stimulus Checks, the government seems to have been done and dusted. 

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They have shown no interest in any further funding. However, the states have somewhat come to the rescue of the people. 

The federal government has clearly stated that there will be no more stimulus checks in the current year. The government has stressed on the rapid vaccination process. 

They have also ordered for the reopening of businesses and shops. Let us learn more about the same in detail below. 

Stimulus Check: New Checks Go Down With Build Back Better

The federal government wanted to implement the spending bill namely, Build Back Better. This was a trillion-dollar vision of Joe Biden that was supposed to provide financial relief to the citizens. 

The bill would have supported important sectors had it been passed. Unfortunately, staunch opposition from the Republicans pegged back the bill’s chances. 

The last nail was pinned by Joe Manchin. It is now very much evident that the bill will not be passed. 

Another major reason for not announcing any more stimulus checks is the downward curve of the pandemic. 

The pandemic is still not over but things are coming back to normal. Offices have been allowed to operate and so are the businesses. 

Thus, another stimulus check at this point seems quite unnecessary.