Treasury Has Sent $325 Billion in Household Stimulus Payments
- More than three-quarters of payments have been distributed
- IRS has not sent checks to Social Security beneficiaries
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The Treasury Department and Internal Revenue Service have so far sent about 127 million stimulus payments worth around $325 billion, according to the federal government.
The second batch of payments includes about 37 million checks worth about $83 billion, the Treasury Department said in a statement Wednesday. That follows the IRS’s announcement last week that it had sent 90 million payments worth $242 billion in the first wave, bringing the total processed to about 79% of the more than $410 billion approved by Congress earlier this month.