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The United States has helped deal with the pandemic, and the ensuing economic crisis, with a succession of stimulus packages, including two in 2020 and a third earlier this year. Now, it appears, other countries are planning similar moves. ....
There are a variety of reasons why. Here s What You Need To Remember: As some lawmakers continue to call for additional stimulus checks, the Boston Herald has done an investigation into how many of the existing checks remain unspent. As some lawmakers continue to call for additional stimulus checks, one newspaper has done an investigation into how many of the existing checks remain unspent. The Boston Herald reported Sunday that 1.24 million stimulus checks sent out under the CARES Act, over a year ago, remain unspent, including nearly 28,000 in the newspaper’s home state of Massachusetts. Those figures were obtained by the Herald via a Freedom of Information Act request, and do not apply to the checks from the late 2020 stimulus, or from the American Rescue Plan earlier this year. ....
Meanwhile, millions of California residents may be in line to get a fourth check via a new effort from Governor Gavin Newsom. His plan would send $600 stimulus checks to state residents under a multibillion-dollar spending plan he introduced in May, with about two-thirds of Californians possibly receiving a stimulus payment under his proposal. The letter from the U.S. senators doesn t specify how large are the payments they are seeking, but a separate effort from Democratic lawmakers in January pushed for $2,000 monthly checks until the pandemic ends. Instead, the American Rescue Plan authorized $1,400 for each eligible adult and dependent. So far, people who have received the three rounds of stimulus payments said they re using most of the funds to pay down debt or sock away the money in savings, according to a recent analysis from the Federal Reserve Bank of New York. That could indicate that people are using the money to whittle down debt they incurred during the p ....