Over the course of the Covid-19 pandemic , Congress has stepped in to approve three much-needed stimulus checks —a $1,200 check in April 2020, $600 in December 2020, and the $1,400 payments given the go-ahead last spring under President Joe Biden’s $1.9 trillion American Rescue Plan.
In recent months, however, there has been more talk surrounding the fact that those government-issued direct payments should be blamed for current high-inflationary pressures that are being felt across the country. In fact, the latest consumer price index (CPI) was found to have surged 8.5 percent in the year through March, hitting the fastest […]
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