House Sends $1.9 Trillion Stimulus Bill to Biden

Most Americans will be receiving direct payments of $1,400, with checks going out within days.

By Erik Wasson & Katia Dmitrieva | March 11, 2021 at 02:17 PM

President Joe Biden’s $1.9 trillion Covid-19 relief bill cleared its final congressional hurdle Wednesday, with the House passing the bill on an 220 to 211 vote, sending it to the president for his signature.

The vote caps a nearly two-month sprint from the time Biden first unveiled his American Rescue Plan through tough negotiations in the Senate to its final approval largely in the form it was first proposed. Biden plans to sign the legislation on Friday.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

NOT FOR REPRINT

Recommended Stories

Inflation and Labor Are Cooling

Augusta Saraiva | November 30, 2023

Fed rate hikes are on hold for now, but some think inflation and the soft job market will lead to cuts in the near future.

Social Security’s Latest Financial Report: The SSA’s Overpayment Problem Tops $23 Billion

Jodie Fleischer | November 27, 2023

In a report released earlier this month, the agency revealed it recovered $4.9 billion in overpayments but still has a $23 billion uncollected overpayment balance, despite repeated attempts to contact beneficiaries.

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.