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December’s $600 stimulus boosted spending by 30% — and Biden’s new plan calls for checks twice as large

Joe Biden

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President-elect Joe Biden introduced his plan for a $1.9 trillion stimulus package on Thursday. Called “The American Rescue Plan,” the package would provide another infusion of federal aid to stimulate the economy as the pandemic continues to sweep the nation.

That includes a $1,400 top-up for stimulus checks, bringing the total distributed amount from December to $2,000. It’s set to make a big difference in consumer spending.

The $900 billion stimulus which passed at the end of 2020, lambasted in some corners for not being hefty enough, has already helped stimulate the economy. Those details ⇒

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