Biden administration launches $350 billion COVID-19 payments for state and local governments
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(Worthy News) – The White House unveiled plans Monday to provide federal funding to state and local governments attempting to build their economies in the wake of the COVID-19 pandemic.
The $350 billion that will be paid out is part of President Joe Biden’s $1.9 trillion American Rescue Plan and provides emergency funding intended to fill revenue shortfalls and support communities that have suffered ill economic effects, the administration said on Monday.
A senior administration official said that the funds will begin being disbursed in the coming days and that states, local governments, municipalities, and tribal governments will be able to request funding through a Treasury Department portal. [ Source: Washington Examiner (Read More…) ]
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