4 Essential Reads: A Jolt Of Economic Relief – The US Delivers $1.9 Trillion
The U.S. economy and millions of people struggling because of the pandemic are about to get a US$1.9 trillion jolt of stimulating relief.
On March 10, the House of Representatives approved a version of President Joe Biden’s coronavirus package that barely squeezed through the Senate. Both votes were almost entirely along party lines. Biden signed the bill into law on March 11.
The legislation includes $1,400 relief checks for most Americans, an extension of the $300 supplement for the unemployed, a more generous child tax credit and much more. We turned to our archive to provide some context on this historic legislation.
1. About those $1,400 checks
Among the signature – and most popular – features of the package are the $1,400 payments most Americans will soon receive.
There was some w...