Biden says $1,400 payments can start to go out this month

March 6, 2021 2:23 PM EST

U.S. President Joe Biden makes remarks from the White House, while U.S. Vice President Kamala Harris looks on, after his coronavirus pandemic relief legislation passed in the Senate, in Washington, U.S. March 6, 2021. REUTERS/Erin Scott


Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

WASHINGTON (Reuters) - U.S. President Joe Biden said on Saturday that Senate passage of his $1.9 trillion coronavirus aid bill means that $1,400 payments to most Americans will start to go out this month and the bill's provisions will speed up manufacturing and distribution of vaccines.

Biden, speaking at the White House after the American Rescue Plan bill passed the Senate on a party-line 50-49 vote, said that over 85% of American households will receive payments, with a couple with two children making $100,000 annually receiving about $5,600.

(Reporting by David Lawder; Editing by Leslie Adler)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters