Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Biden administration disburses 25 million more stimulus payments to Americans

Published 04/07/2021, 07:36 AM
Updated 04/07/2021, 09:55 AM
© Reuters. A family's stimulus check from the U.S. Treasury for the coronavirus disease (COVID-19) aid arrived in the mail in Milton

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.

© Reuters. A family's stimulus check from the U.S. Treasury for the coronavirus disease (COVID-19) aid arrived in the mail in Milton

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%.

Latest comments

so future generations will pay this debt through higher tax rate, people now enjoying it, but the future generations have to pay.
"future generations will pay this debt through higher tax rate"  -- do they?  this generation certainly are not paying the national debt accumulated by Reagan/Bush, in fact tax/interest/inflation rates nowadays are all significantly lower than 30/40 years ago
Regurgitate more MSM BS please. You are so biased, I wonder how you can stand it. Bush era policies were paid by Americans through collapsing SSA, Disability, and 401k's. It's not all about "taxes". You really need to do some more research and quit regurgitating your "party's" status quo. God, you ignorant people make me sick
It is very hard to make my thoughts about this criminal - and his second in command - socially acceptable.
The Dems is for the unions. The gop is for businesses. People r fool easily by both parties. None of the party is ‘for the people’.
This is mostly inaccurate... you cant just reduce it down to jist these two things... comservatism is about small government... local government is more accountable and can more precisely govern the people of an area because they have a more accurate idea of what they need... why shouldntax dollars in ohio be sent to balance the wild spending of california?? Ohians are mot represented or voting in california state and local elections?? Its rewarding irresponsible spending and poor governance...
"The gop is for businesses."  -- that was the case, is it still?  Businesses like stability and predictability and free trade and low labor cost, the Trump republicans with their trade wars and arbitrary tariffs and immigration bans and populist rhetoric's, is it any wonder why even US Chamber of Commerce decided to back Biden in the election?
Ohioans.
We dont even get half of the “releive for the people” bill. Any bill that is ‘for the people’ is full of pork for the unions.
and bailouts!
He giveth and he taketh away... higher taxes next, much higher.
Oh how quickly y'all forget how bad 2008-2012 was. And the US has already tripled that stimulus package at least. Ignorant of history, doomed to repeat mistakes
How would a global minimum corporate tax rate affect consumer goods? What about a mileage tax rate? What about the hidden tax rate of inflation?
 not sure what minimum coporate tax rate has to do with covid relief payment......however, any effet of global min corporate tax rate will of course depend on the rate, if it's under 20% then it should have little effect on the final price of consumer goods, since it's below the corporate tax rates in US/EU/China............no idea what a mileage tax rate is or what it does
And we the Americans paying for this bill with our tax money, only get 9% of that bill to Covid relief. They shilled us hard, and majority welcomed it with open arms. smdh
So what you are saying, is that "Obama" followed in the same footsteps as Bush, proving my original point, that no matter their party, they are all the same. Thanks :D
 just want to point out where the credit/blame of the original TARP program should go to, you are free to interpret the facts anyway you want to
 not sure you need to put "Obama" in quote, but not Bush, but anyway.......
Stagflation
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.