Stimulus Checks have been one of the best things that happened to the Americans. The administration of Joe Biden issues the checks when America was plunged into darkness. Financial assistance acted like a boon for many households.
The impact of the pandemic has left America devastated. The economy has threatened to go down the drain. People have lost their jobs and are worried about the mounting debts. The present scenario is also not very much encouraging for the residents.
After the shutdown was inflicted, most of the citizens lost their jobs. This happened because the greater portion of Americans had jobs that required them to function in the field. As factories and offices were closed, the people were sacked. Although some people were working from home, the remuneration they got did not satisfy them.
The number of covid cases has suddenly seen an upward climb. The health ministry has issued warnings about wearing a mask. Most of the covid mandates have been brought back yet again. Such a situation has made the citizens of the United States of America concerned. A new variant of the coronavirus, Omicron has threatened to wreak havoc. This news has once again opened up the Stimulus Check rumors. Let us find out more about the story in detail below.
Stimulus Check: Omicron Threats Sparks Stimulus Possibilities
A new variant of the coronavirus has been a reason of concern. The variant has been termed as “Omicron”. The impact of the deadly variant is expected to be significant. Jerome Powell is the chairman of the Federal Reserve. He has expressed his concerns about the economy. Powell is fearful of a negative impact on the economy by the virus.
This statement has made the residents demand Stimulus Checks. They have asked for financial security in times of doldrums. However, the federal government still does not seem interested in a new Stimulus Check.