Stimulus Bill Passes ๐Ÿ’ฐ

Table of Contents

Stimulus Bill Passes

It has been months since Americans have last seen a stimulus package meant to speed up economic recovery and aid struggling families. Good news for the American people โ€” on Saturday, United States Senate Democrats passed the long-awaited $1.9 trillion covid stimulus bill. The House is expected to pass the bill on Tuesday and have the bill signed by President Joe Biden before March 14 โ€” the day unemployment benefits expire for millions of Americans. Letโ€™s take a look at whatโ€™s included in the new relief package.

The bill includes direct payments of up to $1,400 for most Americans, a $300 weekly increase in unemployment benefits, and a 1-year expansion of the child tax credit. Additionally, the bill gives more funding for K-12 school reopeningโ€™s, rental assistance for struggling households, and more vaccine distribution funding.

Some critics of the $1.9 trillion stimulus bill say itโ€™s too big and expensive, citing a stronger than expected February jobs report to argue the U.S. doesnโ€™t need almost $2 trillion in relief for a robust economic recovery. However, Democrats said they needed to take significant action to prevent a slow recovery and long-term economic consequences.

American families should expect the direct payments of $1,400 to start to come in this month pending President Joe Bidenโ€™s signature. After Biden signs the new stimulus bill, he is expected to continue his path toward economic recovery and new infrastructure plans.

It will be interesting to see how the market reacts to the stimulus news this week.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Market Recap โ€“ September 28th ๐Ÿ’ฐ

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Fridayโ€™s PCE price index reading.

The Crude Oil Bust ๐Ÿ›ข

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.