The U.S. has thus far issued 90 million stimulus checks worth a collective $242 billion as part of President Biden’s $1.9 trillion American Rescue Plan.
The first batch of payments were mostly sent by direct deposit, and some recipients started receiving their checks this past weekend, the government said. The checks began processing on March 12 and some Americans have already seen the deposits as pending prior to today’s official payment day.
Due to the COVID-19 pandemic, seniors are facing additional financial burdens in order to stay safe,” DeFazio said in a statement in mid-October addressing the 1.3% COLA. “This absolutely anemic COLA won’t even come close to helping them afford even their everyday expenses, let alone those exacerbated by COVID-19.
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