Biden Signs $1.9 Trillion Stimulus Package
This is Biden's first fulfilled campaign promise since taking office. The package will send direct payments of up to $1,400 to most Americans with White House press secretary Jen Psaki stating that they could be received as early as this weekend.
The bill will extend the $300 per week in unemployment benefits until September 6 and expand the child tax credit for a year. Furthermore, it allocates nearly $20 billion into COVID-19 vaccinations and testing.
“This historic legislation is about rebuilding the backbone of this country,” Biden said before signing the legislation. “And giving people in this nation, working people, middle-class folks, the people who built this country, a fighting chance.”
Biden is working ahead of schedule, passing the bill only one day after the House approved the legislation Wednesday. Republicans were not happy that the US would be throwing itself further into debt. “The American people already built a parade that’s been marching toward victory,” Senate Minority Leader Mitch McConnell, R-Ky., said on Thursday. “Democrats just want to sprint to the front of that parade and claim credit.”
Democrats hope that the additional stimulus will prevent any regression in the recovery from COVID-19.