PRESIDENT Joe Biden is "laser-focused" on getting Americans $1,400 stimulus checks after signing his historic Covid-19 relief bill, reports say.
The 78-year-old president's push to quickly execute his plan comes as he signed his landmark stimulus bill worth $1.9trillion into law on Thursday afternoon shortly after 2pm.
Prior to the historic signing, White House National Economic Council Director Brian Deese spoke with CNN's New Day, according to Newsweek.
The director explained: "We are now laser-focused on the question of how to implement this bill quickly and effectively so that the resources get out to those Americans who need it – including those direct payments."
The trillion-dollar bill was signed just one day after it passed on Wednesday through the House at 220 to 211 votes.
Meanwhile, Biden said on Thursday "this historic legislation is about a fighting chance" before he added his signature to the landmark package in Washington DC.
"Tonight, and the next couple of days, I'll be able to take your questions," he told reporters. "But in the meantime, what I'm going to do is sign this bill and make the presentation tonight.
"Then there will be plenty of opportunities to be on the road not only talking about what I'm talking about tonight, which is the impact [of] the virus and how to end this pandemic.
"We're going to talk about all the elements of the bill beginning Friday, Saturday, and all through the week. So, thank you for being here," he added as he signed the bill.
Biden's Press Secretary Jen Psaki had previously confirmed that Vice President Kamala Harris – who looked on as Biden signed – would be in attendance.
Before the signing today, Senior White House Correspondent Phil Mattingly wrote to Twitter: "President Biden will sign the $1.9 trillion Covid Relief Plan this afternoon at 1:30 p.m. in the Oval Office."
Psaki also took to Twitter to share the news.
"Because Congress enrolled the bill more quickly than we anticipated, the President will sign the American Rescue Plan into law today within the hour," she tweeted.
Biden's name will not appear on this third round of stimulus checks. Psaki said this is in order to "expedite the payments and not delay them."
The signing could result in Americans seeing the cash drop as soon as this week.
The latest round of cash will start to be phased out for individual tax payers who earn $75,000 a year.
But the $80,000 annual gross income (AGI) limit his hit, taxpayers won't be eligible for the help at all.
Moderates also forced tightened eligibility for couples hoping to obtain stimulus checks, now phased out completely at pair making $160,000.
However, those that fit the bill will receive $1,400 if they are single, and $2,800 if they are in a married couple.
This also means that a family of four could see a package of up to $5,600.
Source: Read Full Article