President Biden signed the $1.9 trillion American Rescue Plan Act in the Oval Office on Thursday, one day earlier than originally scheduled.
The latest: White House press secretary Jen Psaki said at a briefing shortly after the signing that the first wave of direct deposit relief payments will begin hitting Americans’ bank accounts “as early as this weekend.”
Why it matters: The enactment of the massive coronavirus relief plan cements Biden’s first major legislative victory and comes exactly one year after the pandemic was declared by the World Health Organization. Continue reading.