Third stimulus check: When could you get a $1,400 check? – CBS News

President-elect Joe Biden’s $1.9 trillion coronavirus relief plan proposes a third round of stimulus checks of $1,400 for most Americans. Yet while that could extend a helping hand to millions of households still suffering from the pandemic’s economic fallout, it could be months until the payments arrive, analysts say.

Support for another stimulus package may gain steam given several developments that point to widening economic distress as the pandemic worsens, according to Ed Mills, an analyst with investment bank Raymond James. A weaker outlook for the labor market, with a bigger-than-expected 1 million jobless claims during the first week of January, as well as record number of COVID-19 infections and deaths could push lawmakers to support Mr. Biden’s plan for additional stimulus, analysts say.

Source: Third stimulus check: When could you get a $1,400 check? – CBS News