![]() Now, with their slim majority in the House able to potentially block any and all parts of the Democratic agenda, and promises by the newly-elected Speaker of the House, Kevin McCarthy (R-Calif.) to tackle America's debt, it seems as if stimulus checks and other financial relief will officially die out.Įxperts Warn That More Checks Would Make Inflation Worse In fact, they were all against even a third stimulus check when Biden passed his COVID relief package that gave out the third round of checks, as not even one Congressional Republican at the time voted for the bill. Though they did not perform as well in the 2022 Midterms as they expected, Republicans did regain control of the House of Representatives by a slim majority, which makes the possibility of more relief even less likely to come, as they have been vehemently opposed to additional spending. Republicans Are Against Additional Spending It was noted at the time that if things changed, the possibility was still on the table, and President Biden did seem open to forms of relief as gas prices hit a peak price last June, however, checks never materialized. "So we are not going to write checks to incentivize people to sit at home, and we are not going to bail out businesses if the economy seems strong." ![]() ![]() But the economy is booming, there are millions of open jobs, and we do not believe people should be sitting at home if they are vaccinated and boosted, as most adults are," the official said at the time. ![]() There might be something small for restaurants. In the earliest days of 2022, as debates ensued over whether another round of stimulus checks could be sent out due to the then-surge in new COVID cases from the Omicron variant, a senior Biden administration official told CNN that there were no plans for checks for individuals or even some businesses, as the economy had been improving since the original shutdowns. President Biden's Administration Was Firmly Against Another Round Of Checks In Early 2022 Here's what some officials have said about checks in the past which could indicate the thinking about them in the future. Still, despite all this pressure, and many Americans expressing favor for another round of checks, the government seems hesitant to really go forward with any new payments. 12, and prices have steadily hovered in that area for the last week. After dropping steadily ahead of the holidays, gas prices once again began to increase nationwide in the New Year, with AAA reporting an average price of $3.272 a gallon on Jan. But prices were still up overall from a year prior. The Consumer Price Index showed an overall 0.1% decrease month-to-month in December 2022 on goods such as food, energy, commodities, apparel, medicine and other products. While some inflation has started to ease in 2023, there will still be a long way to go before things may stabilize again-if they do at all. This has led to some concerns for those who have been feeling the pinch of inflation in everything from the costs of housing to filling up their cars with gasoline and even when shopping for groceries, as prices skyrocketed throughout 2022. However, Americans have not seen a federal stimulus check since. Those checks for $1,400 came after an initial two rounds via former President Donald Trump, who sent out relief payments of $1,200 in March 2020 and $600 in December 2020. The federal government has not sent out another round of stimulus checks since March 2021, when President Joe Biden gave Americans a third round of relief payments due to the COVID-19 Pandemic. Many are still feeling the pain of inflation even as some of the pressure eases, but those hoping the government will step in and provide relief in the form of a fourth federal stimulus check may want to start looking elsewhere when it comes to how they'll accommodate the extra costs to their bottom line.
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