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American Rescue Plan

AP News | Equities.com |

Rep. Nicole Malliotakis, R-N.Y., said it pained her to vote against the $1.9 trillion “American Rescue Plan.”

But in the weeks that followed, the first-term Republican issued a news release celebrating more than $3.7 million from the package that went to community health centers in her district as one of her “achievements.” She said she prided herself on “bringing federal funding to the district as one of her “achievements.” She said she prided herself on “bringing federal funding to the district and back into the pockets of taxpayers.”


Kimberly Redmond | Equities.com |

The US Treasury Department announced Wednesday it is launching a new office to oversee federal COVID-19 relief and recovery programs, including the nearly $420 billion in aid approved through the American Rescue Plan.

The Office of Recovery, officials said, will consolidate programs covered under President Joe Biden’s $1.9 trillion stimulus package and those enacted under last year’s CARES Act in an effort to improve efficiency and effectiveness.


Reuters | Equities.com |

The U.S. government posted a March budget deficit of $660 billion, a record high for the month, as direct payments to Americans under President Joe Biden’s stimulus package were distributed, the Treasury Department said on Monday.

The deficit for the first six months of the 2021 fiscal year ballooned to a record $1.706 trillion, compared to a $743 billion deficit for the comparable year-earlier period.