Biden prepares to mail checks, but other stimulus challenges loom


Biden and his aides have promised that a large number of Americans could receive their $1,400 stimulus payments before the end of March. But some of the other ambitious elements of the soon-to-be law — including new child tax support, aid to local governments and money to help families pay rent — could take much longer to disburse. The sheer volume of new programs threatens to swamp federal agencies, including the Internal Revenue Service, leaving some lawmakers fearful about early delays.

Prior congressional aid packages adopted over the past year have proved instrumental in helping the country rebound from one of the worst economic crises since the Great Depression. But the federal bureaucracy at times has strained to deliver some of that support in a tight time frame. Few Americans have benefited so far from the $25 billion in rental and utility assistance that lawmakers approved in December, housing experts said, and other programs to help workers and businesses pay their bills haven’t yet fully come online.

“Implementation is the ballgame. You can have the best priorities in the world, whether it’s the well-being of children [or] the needs of those who have been laid off of no fault of their own,” said Sen. Ron Wyden (D-Ore.), the chairman of the Senate Finance Committee. “It doesn’t mean a whole lot if you can’t get the benefits out so people can make ends meet.”

The White House did not respond to a request for comment.

The challenges ahead reflect the high stakes facing Biden as he prepares to sign his first major legislative accomplishment into law this week. The president’s economic agenda and political legacy — and the trajectory of the country’s recovery from the pandemic — will heavily depend on the ability of the federal government to get the next few months right.

Dubbed the American Rescue Plan, the $1.9 trillion package marks the sixth major stimulus adopted by Congress since the coronavirus arrived in the United States last year. Democrats this week have hailed it as the largest anti-poverty measure in a generation, and top White House officials in recent days have fanned out to tout its potential — and the party’s early efforts to meet its 2020 campaign promises to deliver economic relief.

The president Tuesday toured a local hardware store that had benefited from a loan under a prior stimulus initiative, the nearly $1 trillion Paycheck Protection Program, adopted last year. Bharat Ramamurti, the deputy director of the National Economic Council, later said at a White House briefing that the administration’s efforts alone had helped almost 200,000 first-time borrowers obtain loans. He said the new stimulus would serve as a “big step” toward recovering some of the roughly 10 million jobs still lost as a result of the pandemic.

“We promised to send people back to work by helping to revive and supercharge the economy — mission accomplished,” said Rep. Hakeem Jeffries (D-N.Y.), heralding the stimulus on Capitol Hill for delivering on commitments made to voters last year to provide swift, robust relief. “We promised to help small businesses — mission accomplished.”

“We can’t just…



Read More: Biden prepares to mail checks, but other stimulus challenges loom

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

mahjong slot

Live News

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.