
IRS Has Disbursed $376 Billion in Stimulus Payments to 159 Million Americans
The total value of the stimulus payments is more than $376 billion since these payments began rolling out to Americans in batches as announced on March 12.
The total value of the stimulus payments is more than $376 billion since these payments began rolling out to Americans in batches as announced on March 12.
President Joe Biden’s signature $1.9 trillion Covid-19 relief bill passed the Senate 50-49 on Saturday following a more than 25-hour marathon of amendment votes completed after Democrats settled an intra-party dispute over unemployment aid.
President-elect Biden's new stimulus plan would send $1,400 stimulus payments to taxpayers who received the previous stimulus payments. Small businesses would see $15 billion in grants and $35 billion in low-interest loans.
Starting this week, the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card.