Biden’s Team Braces for Child-Tax Credit to Lapse, May Double February Payment
- Inaction on Biden’s BBB plan likely to delay Jan. 15 payment
- White House talking to Treasury about doubling up in February
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The Biden administration is bracing for families to miss child tax credit payments in January and exploring the possibility of providing double payments in February to make up the shortfall, White House Press Secretary Jen Psaki said Friday.
Pushing off the president’s economic agenda until next year means that the payments, which have been sent to families for the past six months but expired Wednesday, are unlikely to be ready for Jan. 15.