The Department of Treasury said in a new report yesterday that it has delivered over $450 billion to families directly under the $1.9 trillion coronavirus rescue package President Biden signed earlier this year, The Hill reported. The agency said that it had disbursed over 170 million stimulus checks by the end of August, amounting to more than $400 billion. It also said it had doled out more than 106 million payments to families since it started sending out monthly child tax credit payments to families in July, tacking on another $46 billion. Overall, the agency said it has distributed roughly $700 billion out of the $1 trillion it was tasked with managing in programs and tax credits under the president’s American Rescue Plan that was green-lit by Congress shortly before spring.
