Biden promises 100 million COVID-19 shots and 100 million stimulus checks in the next 10 days
- Biden pledged to get 100 million shots in arms and 100 million checks in pockets in the next 10 days.
- As of March 12, the US has already administered 100 million COVID-19 vaccine doses.
- $1,400 stimulus checks from the American Rescue Plan are starting to hit Americans’ bank accounts.
- See more stories on Insider’s business page.
President Joe Biden said on Monday that US is on track to meet two big goals in the coming 10 days: administering over 100 million COVID-19 vaccine doses and sending out 100 million stimulus checks.
“Over the next 10 days, we’ll reach two giant goals: the first is 100 million shots in people’s arms will have been completed in the next 10 days, and 100 million checks in people’s pockets,” Biden said during a speech at the White House.
“Shots in arms and money in pockets, that’s important,” he added.
The US hit the first goal on Friday when the nation surpassed the benchmark of administering over 100 million shots, including doses from Pfizer-BioNTech and Moderna’s two-shot vaccine regimes and Johnson & Johnson’s one-shot vaccine.
As of Monday, 71 million Americans have received at least one vaccine dose, including 38.3 million who have been fully vaccinated, according to CDC data, meaning one in five US adults has been administered at least one vaccine dose.
The Biden administration has recently made significant investments in the US’ vaccine supply, and now plans to procure enough vaccines to inoculate all American adults by the end of May.
In the president’s first televised primetime address to the American people on March 11, he announced that the administration would direct states and localities to make every American adult eligible to get vaccinated by May 1.
Biden also confirmed news that he is appointing former two-time National Economic Advisor Gene Sperling to oversee the implementation of the American Rescue Plan, the sweeping $1.9 trillion COVID-19 relief package passed by Congress and signed into law on March 11.
The bill includes $1,400 stimulus checks for individuals below a certain threshold and higher levels of direct aid for families, following up on a December bill signed into law by former President Donald Trump that delivered $600 checks for eligible individuals.
“We’re just getting started,” Biden said Monday. “By the time all the money is distributed, 85% of American households will have gotten $1,400 rescue checks.”
Some people have already received their payments, and millions more Americans are set to see stimulus checks hit their bank accounts on Wednesday, with more deposits and physical checks set to go out imminently. Americans can check on the status of their direct aid check with the IRS’ online Get My Payment tool.
Get the latest coronavirus business & economic impact analysis from Business Insider Intelligence on how COVID-19 is affecting industries.
Source: Read Full Article