When to expect your next stimulus check?

President Joe Biden has gone on the road this week to promote his $1.9 trillion economic rescue package, which would give you a third stimulus check — this time for up to $1,400.

Democrats who control Congress are trying to stay on schedule as they race to meet smaller deadlines leading up to one major deadline. If they can keep things on track, relief to help you deal with your bills or pay down debt could be just weeks away.

Here’s the latest on when to expect your next stimulus check.

An initial deadline looms late this month

In Milwaukee on Tuesday for a CNN town hall, Biden addressed Republican critics who say his pandemic proposal is too massive and too expensive. “Now is the time we should be spending,” the president said. “Now is the time to go big.”

In addition to the $1,400 stimulus checks, the package includes a wide variety of other relief, including $400 a week in extra unemployment benefits.

The aid is expected to help alleviate immediate financial pressures for struggling households. Last spring, most recipients spent their first $1,200 stimulus check on essential needs, including groceries and rent, the U.S. Bureau of Labor Statistics has said.

A portion of the cash also was used for saving and investing, a bureau survey found, or for other, unspecified things — possibly to buy affordable life insurance, because demand for life insurance policies has surged amid COVID-19.

Back in Washington, the House Budget Committee this week is putting together a final bill for the full House to vote on next week. Democratic leaders want the vote to occur on Friday Feb. 26 (smaller deadline), though lawmakers have been warned the work could carry over into the weekend.

Democrats have Biden’s plan propelling down the fast lane using a special, streamlined process that would allow it to pass Congress with simple majorities — and potentially no Republicans on board.

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