Joe Biden signs his first piece of major legislation with the $1.9 trillion Covid-19 economic relief package...
From CNN
President Joe Biden signed his sweeping $1.9 trillion Covid-19 economic relief package into law on Thursday afternoon.
Biden had originally been expected to sign the bill on Friday. White House chief of staff Ron Klain said the enrolled bill arrived at the White House on Wednesday night, "so @POTUS is signing it today -- we want to move as fast as possible."
Key features of the plan include up to $1,400-per-person stimulus payments that will send money to about 90% of households, a $300 federal boost to weekly jobless benefits, an expansion of the child tax credit of up to $3,600 per child and $350 billion in state and local aid, as well as billions of dollars for K-12 schools to help students return to the classroom, to assist small businesses hard-hit by the pandemic and for vaccine research, development and distribution.
Psaki told reporters during Thursday's White House briefing that Americans will start seeing stimulus checks in their bank accounts as early as this weekend, moving up the previous timeline the administration laid out, saying checks would only begin to go out at the end of the month.
The checks will begin to hit bank accounts this weekend for those who have their direct deposit info on hand at Treasury and the IRS, Psaki said.
"I believe... this historic legislation is about rebuilding the backbone of this country."
— ABC News (@ABC) March 12, 2021
Pres. Joe Biden signed into law the sweeping $1.9 trillion COVID relief bill passed by Congress. https://t.co/SllbsDzTaV pic.twitter.com/6LXjXcVFO5
