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Andy Meek
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The US got an unexpected stimulus check-related update on Tuesday, from of all places the Paris-based Organization for Economic Cooperation and Development. The world economy -- according to this organization which boasts around three dozen or so member countries, including the US -- looks set to return to the way it was before the pandemic by the summer. And, again, according to the organization, it's thanks to efforts like government stimulus in the US, where President Biden's $1.9 trillion coronavirus relief bill was just passed by the Senate and now awaits only a quick second vote in the House as soon as Wednesday to incorporate changes to the bill before it's signed into law.
"Activity in many sectors has picked up and partially adapted to pandemic restrictions," the OECD said on Tuesday. "Vaccine rollout, although uneven, is gaining momentum and government stimulus, particularly in the United States, is likely to provide a major boost to economic activity." Here's why this is especially true in the US, with many families actually poised to receive a lot more from the bill than the $1,400 stimulus checks that the media and as well as the attention of politicians have focused on.
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The new stimulus bill will give many families a lot more than $1,400 checks originally appeared on BGR.com on Tue, 9 Mar 2021 at 14:56:12 EDT. Please see our terms for use of feeds.
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