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House approves stimulus payment increase

Money closeup of american hundred dollar bills
Money closeup of american hundred dollar bills .

The House of Representatives has voted to approve an increase in the amount of money Americans will receive on the latest stimulus check from $600 per person to $2000.

The Senate must now vote on the increase tomorrow.  The stimulus money, amount to be determined, could hit your bank account by the end of the week.

The proposed increase came after President Donald Trump signed a government spending bill that included $900 billion in COVID relief measures and then called on Congress to increase the amount that those who qualify will receive by $1400.

House Speaker Nancy Pelosi released a statement urging Republican representatives to work together with Democrats to pass the measure:

“Now, the President must immediately call on Congressional Republicans to end their obstruction and to join him and Democrats in support of our stand alone legislation to increase direct payment checks to $2,000,”

“Every Republican vote against this bill is a vote to deny the financial hardship that families face and to deny the American people the relief they need,” the statement continued.

According to reports, the House attempted to pass a increase in the stimulus payments using a process called unanimous consent, before the Christmas break, however, the measure failed after a Republican representative raised a competing measure.

Treasury Secretary Steven Mnuchin said last week that the payments will take about a week to process once all the details are in hand before they start going out to those who qualify for them.