U.S. Has Sent More Than 150 Million Checks in Biden Relief Plan

  • Administration says it has accomplished a key 100-Day goal
  • Much of the new payments going to Social Security recipients
Stimulus Spending Isn't Going to Stonks
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The Biden administration has officially distributed more than 150 million stimulus checks as of Wednesday from the $1.9 trillion coronavirus relief bill, one of the key benchmarks the president had hoped to hit during his first 100 days in office.

The Treasury Department and the Internal Revenue Service have sent out roughly 156 million payments to people, totaling roughly $372 billion, according to the Treasury Department. The majority of these latest payments went to Social Security recipients and beneficiaries, providing a cash infusion more than a year into the pandemic.