June 20, 2021

Stimulus checks: Here’s who gets a $1,400 payment under Biden’s stimulus bill

President Joe Biden signed into law the $1.9 trillion stimulus package on Thursday with White House officials saying Americans can get their stimulus payments as early as this weekend.

“People can expect to start seeing direct deposits hit their bank accounts as early as this weekend,” White House Press Secretary Jen Psaki said at a press conference on Thursday. “This is, of course, just the first wave.”

Around $450 billion of Biden’s $1.9 trillion “American Rescue Plan” is earmarked to go directly to Americans’ wallets. This round of stimulus checks is $1,400 per eligible individual plus a $1,400 bonus per dependent. Around 159 million households are expected to receive a payment under the new stimulus deal, Psaki said earlier.

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