Biden Admin Disburses 25 Million More Stimulus Payments to Americans

WASHINGTON (Reuters) -
A stimulus check issued. (AP Photo/Eric Gay/File)

The Biden administration said on Wednesday that 25 million more stimulus payments worth a total of $36 billion had been sent out to Americans from the $1.9 trillion pandemic relief legislation.

The announcement of a fourth batch of checks was made by the Treasury Department and the Internal Revenue Service. It brings to 156 million payments the amount disbursed, with a total value of $372 billion.

The latest payments of up to $1,400 began processing last Friday, with some people receiving direct deposits, the Treasury said in a statement.

The pandemic-hammered U.S. economy has been on the rebound, with 916,000 jobs created last month, bringing the jobless rate down to 6%.