White House says stimulus cash deposits will come ‘early as this weekend’

 

Stimulus money will begin to pour into Americans’ bank accounts on Saturday and Sunday, the White House said Thursday.

“People can expect to start seeing direct deposits hit their bank accounts as early as this weekend,” press secretary Jen Psaki told reporters.

President Biden signed the $1.9 trillion coronavirus relief bill on Thursday, ahead of his 8 p.m. television address to the nation.

The relief package includes direct-aid checks of $1,400 for adults earning up to $75,000 annually and couples clearing up to $150,000 per year.

It also extends a $300 weekly unemployment supplement through Sept. 6, and gives all but the wealthiest parents a new annual tax credit of $3,000-$3,600 per child, up from the current $2,000 per child.

The package, formally the American Rescue Plan Act, passed with only Democratic support in Congress.

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