Stimulus check update: 2.2 million new payments just went out

A few million more stimulus checks are now on their way to US taxpayers. This, granted, is a development that we've been reporting for a couple of months now. But this is a stimulus check update that, like the payments themselves, will be recurring, at least through the end of this year.

The IRS on Thursday caught everyone up to speed on the status of its distribution of this latest tranche of stimulus cash. This is something the IRS says it's doing on a weekly basis. And it stems from the money made available by the $1.9 trillion stimulus legislation from March. Since the agency's last update, through July 21 it's now distributed more than 2.2 million additional checks with a collective value topping $4 billion. Here's what else you need to know about this latest update, especially if you're waiting on one of these checks. These checks, by the way, being the third stimulus payment for generally $1,400 that the stimulus law made possible.