The long-awaited legislation was passed in Congress on Wednesday and President Biden signed the bill Thursday, earlier than anticipated. This means we’ll finally get $1,400 stimulus checks for single people earning $75,000 and less, and couples earning up to $150,000. The bill also includes $3000 of tax credit per child, and unemployment benefits of up to $300 a week. Benefits like $400 unemployment and $15 minimum wage did not pass the Senate after more conservative Democrats and all Republicans objected to the cost. It is now expected that checks will begin being processed by the weekend.
Of course, the relief bill could not have come later; with many families having lost their jobs and sources of income and are struggling to get by, these checks can mean the difference between survival and not being able to pay their bills, and that is why the Biden administration hurried to keep things moving. They plan to celebrate on Friday with Congressional leaders as planned.
Biden will deliver his first prime-time address to the nation to mark the one-year anniversary of the Covid-19 pandemic shutdown. Biden’s speech will focus on the sacrifices the American people have made and will lay out next steps in the pandemic process. The relief package provides $14 billion for researching, developing, distributing, administering and strengthening confidence in vaccines.