Wells Fargo Under Fire For Withholding Stimulus Checks Until Next Week
03/13/21 AT 11:13 AM
Some Americans are patiently awaiting the arrival of their stimulus checks/direct deposits this weekend, but those who bank with Wells Fargo will have to wait an additional few days to see theirs in their accounts.
President Joe Biden’s signature was the last stop the $1.9 trillion American Rescue Plan had to make before it was officially implemented, which happened last week. The IRS has been working fast to get those $1,400 stimulus checks out, as well as process 2020 tax returns.
The internet has been taking jabs at Wells Fargo since its announcement of a Wednesday, March 17 deposit. Customers are upset and concerned as to why they can’t receive their money as soon as it’s available.
Families are anxious to receive their third stimulus check and other badly needed support from the federal government now that President Biden s plan has been approved by Congress. It should be our priority to ensure that neighborhood services families rely on don t get cut or reduced, and to fully restore any that have suffered, especially in historically underserved communities. Funding should also be used to replenish the city s reserves, which have helped us get through the pandemic this past year. What remains should fund one-time programs and projects that create good local jobs in disadvantaged communities, enhance equity and hasten economic recovery citywide, Galperin added.
The House of Representatives is slated to take a final vote Wednesday to approve President Joe Biden's $1.9T COVID relief plan, paving the way for the President to sign his top legislative priority into law and deliver aid to most American households.
The House of Representatives is slated to take a final vote to approve President Joe Biden's $1.9 trillion COVID relief plan, paving the way for the President to sign his top legislative priority into law and deliver aid to most American households.
March 9, 2021
The latest Covid-19 relief package is finally coming to fruition in the US. The US House of Representatives passed the Biden administration’s $1.9 trillion bill Wednesday, as Democratic leaders won enough backing to pass the legislation onto the president to sign into law. While later versions of the bill altered Joe Biden’s original vision for the package, the remaining billions of dollars in economic relief are still a coup for US progressives.
That’s not just because concessions Democrats made to party moderates to pass the bill were arguably on the margins. The spending measures are also sweeping relative to Covid-19 relief measures in other developed economies, and they far exceed US relief measures from the last economic crisis. This chart shows where US Covid-19 relief spending falls relative to other major economies before the latest bill. With the $1.9 trillion added in, the US’s total pandemic relief spending will rise to 27.1% of GDP according to th