IRS, Treasury have distributed 130 million stimulus payments

Internal Revenue Service and the U.S. Department of the Treasury said Thursday they've distributed more than 130 million payments worth approximately $335 billion as part of the American Rescue Plan.

Why it matters: A third batch of 4 million payments, totaling more than $10 billion, was sent on March 31, but the IRS and Treasury still have millions of payments to deliver. The payments of $1,400 per individual were mostly distributed via direct deposits and checks.