Even before many Americans have received the latest round of cash doled out by Congress and the Biden administration, some lawmakers are calling for recurring payments until the economy fully recovers from COVID-19.
Major U.S. banks and credit unions must make the first wave of stimulus payments available to eligible customers by Wednesday at 9:00 a.m., local time—the official payment date designated by the Internal Revenue Service.
President Joe Biden said on Saturday that Senate passage of his $1.9 trillion coronavirus aid bill means that $1,400 payments to most Americans will start to go out this month and the bill's provisions will speed up manufacturing and distribution of vaccines.
Over the weekend, the U.S. House posted a first draft version of the “American Rescue Plan Act of 2021” – a $1.9 trillion emergency aid package to help America recover from the coronavirus pandemic.
