General
Coronavirus stimulus payments from $US1.9 trillion Biden relief package to hit US bank accounts this weekend
Americans will see the first direct deposits from President Joe Biden’s $US1.9 trillion ($2.5 trillion) COVID-19 relief package hit their bank accounts this weekend, according to Treasury and Internal Revenue Service (IRS) officials.
Key points:
- The stimulus payments will help 160 million US households
- A family of four will receive up to $7,200 in stimulus payments
- Coronavirus kills an average of 1,400 Americans per day
A first tranche of $US1,400 ($1,800) stimulus payments was processed on Friday.
Additional large batches of payments will be sent via direct deposits or through the mail as cheques or debit cards in coming weeks, the officials said.
It means a family of four earning up to $US150,000 ($193,000) will receive $US5,600 ($7,200).
Mr…
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