In a press conference on Thursday, White House Press Secretary Jen Psaki said that Americans can expect their $1,400 stimulus checks to arrive “as early as this weekend.”
“People can expect to start seeing direct deposits hit their bank accounts as early as this weekend… and payments to eligible Americans will continue throughout the course of the next several weeks,” Psaki said.
Americans who have direct deposit information with the Internal Revenue Service will receive the stimulus first. “This is, of course, just the first wave,” Psaki explained. “Payments to eligible Americans will continue throughout the course of the next several weeks.”
The American Rescue Plan will direct massive financial aid aimed to help those suffering from the COVID-19 pandemic. More than 90% of Americans, including most dependents, will receive $1,400 checks. Americans on unemployment or receiving jobless benefits will gain an additional $300 per week and benefits will be extended through September, $350 billion will be given to state and local governments to assist K-12 schools, $12 billion will be given in nutrition assistance, food stamp beneficiaries will continue to receive a 15% increase in stipend until September, and several billion dollars will go to assist small businesses, vaccine research and vaccine distribution.
