American Rescue Plan Stimulus
Congress Passes $1.9 Trillion Stimulus Bill to Carry U.S. Economy Through the Health Crisis
American Rescue Plan (ARP) touches all parts of the economy. The $1.9 trillion spending bill includes funding for individuals, states and schools. Other resources are being made available for companies and to support vaccine distribution in the coming months. The pace of vaccinations has been on an improving trajectory since late last year and has neared 3 million per day. Many states have increased vaccination eligibility to all residents that qualify under the FDA emergency-approved status, though a couple more months will be necessary to get inoculations to all those who want them. Rapid distribution bodes well for the national economy, which could expand between 6 and 8 percent this year.