U.S. Treasury, IRS Have Sent Out 90 Million Stimulus Checks Worth $242 Billion

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • Prince Charles Remember’s His ‘Dear Papa’ and Is Grateful’ for World’s Support
  • The Price of Ramadan’s Staple Fruit Is Surging
  • Chad President Facing Growing Resistance in Bid For Sixth Term
  • Bloomberg Quicktake: Now published this video item, entitled “U.S. Treasury, IRS Have Sent Out 90 Million Stimulus Checks Worth $242 Billion” – below is their description.

    The federal government has distributed more than half of the $410 billion in stimulus payments to individuals approved in the pandemic-relief bill signed by President Joe Biden this month, in a cash injection set to boost the U.S. economy.

    The $242 billion disbursed so far have gone to approximately 90 million households, according to a statement from the Treasury Department on Wednesday. The first payments were mostly sent by direct deposit, which some started receiving this past weekend, the Treasury said.

    The $1,400 per person payments, which most Americans qualified for, are arriving amid a widening reopening of businesses across the country as vaccinations rise and coronavirus infections slow. Economists have ramped up their forecasts for growth this year, with unemployment set to drop.

    The Treasury said that payments appeared for some people starting last Friday, but with the official payment date set at March 17, the funds might not have been accessible up to that day. The average payment so far is $2,689, the Treasury data indicate.

    Individuals earning up to $75,000 or couples making less than $150,000 qualify for $1,400 payments for themselves and each adult or child dependent. The payments phase out as income rises, with singles making $80,000 or couples earning $160,000 not qualifying for any aid.

    Bloomberg Quicktake: Now YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

    5 Recent Items: COVID-19

  • The West Block: April 11, 2021 | Jean Chretien reflects on the life and times of Prince Philip
  • 2 million free face masks distributed in Hong Kong
  • “Harry should be here”: Britons react to news Prince Philip’s grandson to return for funeral
  • Peru, Ecuador set to elect new presidents amid fresh lockdown measures
  • Some California theme parks reopen
  • In This Story: Joe Biden

    Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.

    He is married to Dr Jill Biden.

    Books by Joe Biden #Ad

    6 Recent Items: Joe Biden

  • Stephen Miller: Joe Biden has shut down ICE
  • ‘A life of duty and service’: world leaders pay tribute to Prince Philip
  • World leaders pay tribute to Prince Philip – BBC News
  • Biden Details $1.52 Trillion Spending Proposal to Boost to Health, Education
  • ‘A heck of a guy’: Joe Biden pays tribute to Prince Philip
  • Psaki: Biden Won’t Pressure Justice Breyer to Step Down From Supreme Court
  • Leave a Comment