A University of Michigan study found stimulus payments were effective at staving off economic pain.
Gauges of food insecurity and financial instability plummeted after checks were sent in December and March.
The payments delivery even coincided with broad improvements in the mental health of recipients.
New analysis suggests that relief payments included in Congress s sweeping stimulus were highly effective at supporting Americans and easing various stresses through the pandemic.
The pandemic-era stimulus checks weren t the first instance of the government issuing relief payments, but the amount of cash sent directly to Americans over the past year is unparalleled. Millions of Americans received $1,200 payments from the March 2020 CARES Act, another $600 check from President Donald Trump s late-2020 package, and a $1,400 payment from Democrats March stimulus.
Pandemic Economic Stimulus: Legislative And Regulatory Developments As Of April 16, 2021 - Intellectual Property mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
U.S. Department Of The Treasury Establishes New Office To Lead Implementation Of Relief And Recovery Programs Date
14/04/2021
Today, the U.S. Department of the Treasury announced the establishment of the Office of Recovery Programs to lead the Department’s implementation of economic relief and recovery programs, including nearly $420 billion in programs from the American Rescue Plan Act of 2021. This new office, which will be led by the Chief Recovery Officer, will report to Treasury’s Deputy Secretary and will be principally focused on efficiently establishing and administering Treasury’s programs to support an equitable and swift recovery from the economic challenges precipitated by the COVID-19 pandemic.
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WASHINGTON (Reuters) - The U.S. Treasury Department on Wednesday unveiled a new office to oversee the implementation of economic relief programs, including nearly $420 billion in programs under President Joe Biden’s $1.9 trillion COVID-19 rescue plan.
FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/File Photo
The new office will report to Deputy Treasury Secretary Wally Adeyemo and will be led by Jacob Leibenluft, a counselor to Treasury Secretary Janet Yellen, who will work closely with Gene Sperling, the White House rescue plan coordinator.
Consolidating the recovery programs covered under Biden’s American Rescue Plan (ARP) and others enacted under the Trump administration’s CARES Act will improve efficiency, equity and outreach to grantees, Adeyemo told reporters.
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