Topline President Joe Biden signed the $1.9 trillion American Rescue Plan into law on Thursday afternoon, cementing a major legislative victory for his administration and paving the way for hundreds of billions of dollars in federal spending (including more stimulus checks and unemployment benefits) to combat the ongoing coronavirus pandemic and offset its crushing economic toll. U.S. President Joe Biden speaks on March 10, 2021, in Washington, D.C. Alex Wong/Getty Images Key Facts The legislation is geared in many ways toward low- and middle-income families and will include a third round of stimulus checks in the amount of $1,400, an extension of the existing $300-per-week federal unemployment insurance supplement, a major expansion of the child tax credit (among other tax relief initiatives), as well as billions of dollars for rental, mortgage and food assistance. The bill allocates hundreds of billions of dollars to shore up state, local and tribal governments, schools, hospitals, vaccine distribution programs and small businesses. The package was overwhelmingly popular among American voters of both parties, but not a single Republic… Click below to read the full story from Forbes
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