By Charlotte Cowles
Good morning. Millions of Americans will receive their stimulus payments any minute now, as the American Rescue Plan is up and running. Here’s what else you need to know in business and tech news for the week ahead. — Charlotte Cowles
What’s Up? (March 7-13)
The Checks Are Here
President Biden signed his hard-fought whopper of a stimulus package into law on Thursday. The bill will provide direct payments of up to $1,400 to qualifying Americans, who can expect to see direct deposits hit their bank accounts as soon as this weekend (as in, today). It will also extend unemployment benefits, give aid to ailing businesses like airlines, provide funding to speed up vaccinations and reopen schools, and give most parents a tax credit of up to $300 per child, per month. The president has embarked on a weekslong campaign to publicize the benefits offered in the package, which is popular with voters of both parties even though it received no Republican support in Congress.
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