Biden administration disburses 25 million more stimulus payments to Americans
FILE PHOTO: A family's stimulus check from the U.S. Treasury for the coronavirus disease (COVID-19) aid arrived in the mail in Milton, Massachusetts, U.S., March 25, 2021. REUTERS/Brian Snyder
WASHINGTON (Reuters) - The Biden administration said on Wednesday that 25 million more stimulus payments worth a total of $36 billion had been sent out to Americans from the $1.9 trillion pandemic relief legislation.
The announcement of a fourth batch of checks was made by the Treasury Department and the Internal Revenue Service. It brings to 156 million payments the amount disbursed, with a total value of $372 billion.
The latest payments of up to $1,400 began processing last Friday, with some people receiving direct deposits, Treasury said in a statement.
The pandemic-hammered U.S. economy has been on the rebound, with 916,000 jobs created last month, bringing the jobless rate down to 6%.
(Reporting by Jeff Mason and Steve Holland; Editing by Peter Cooney)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ukraine's farm minister tenders resignation over corruption allegations
- Carrier AirAsia discloses new listing plans under $1.4 billion units merger
- Snap beats first-quarter expectations, shares jump 25%
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!