Two new stimulus checks could be coming your way soon – here’s what we know

It's only been about three months since President Biden signed the $1.9 trillion stimulus package known as the American Rescue Plan into law -- legislation that funded a third wave of stimulus checks, for generally $1,400 -- but the push among some members of Congress for a bill authorizing a new stimulus check for millions of Americans continues to get stronger.

As a matter of fact, the possibility of more stimulus checks just got a bit of a boost thanks to a new letter sent to President Biden from some members of the House Ways and Means Committee which estimates that two more stimulus checks, a fourth and a fifth, could help prevent another 12 million people from slipping into poverty. The congressmen also write in their missive to the president that overall poverty in the US this year could plummet from 44 million people to 16 million when two new stimulus checks are combined with the $1.9 trillion legislation that Biden already signed.