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Photo: Samuel Corum/Getty Images

President Biden said Saturday that the Senate passage of his $1.9 trillion COVID relief package means the $1,400 direct payments for most Americans can begin going out later this month.

Driving the news: The Senate voted 50-49 Saturday to approve the sweeping legislation. The House is expected to pass the Senate's version of the bill next week before it heads to Biden's desk for his signature.

The big picture: As part of the legislation, individuals who make less than $75,000 or heads of households who make up to $112,500 will qualify for the $1,400 payments. Couples who make less than $150,000 will get $2,800.

  • Individuals who make between $75,000 and $80,000 and couples who earn between $150,000 and $160,000 will receive a reduced payment.
  • Parents who qualify will get an additional $1,400 for every child claimed on their most recent tax returns.

What he's saying: "Everything that is in this package is designed to relieve the suffering and meet the most urgent needs of the nation and put us in a better position to prevail," Biden said following the Saturday passage of the bill.

  • "This plan will get checks out the door, starting this month to the American people who so desperately need the help," he added.
  • "The resources in this plan will be used to expand and speed up manufacturing and distribution of vaccines so we can get every single American vaccinated sooner rather than later."
  • "I promised the American people that help is on the way. Today, I can say we've taken one more giant step forward in delivering on that promise."

The bottom line: "This plan puts us on a path to beating the virus. This plan gives those families who are struggling the most the help and breathing room to get through this moment. This plan gives small businesses in this country a fighting chance to survive," Biden said.

Go deeper

Updated Mar 5, 2021 - Politics & Policy

Hours-long reading of 628-page COVID relief bill delays Senate debate

Sen. Ron Johnson. Photo: Stefani Reynolds/Bloomberg via Getty Images

The Senate on Thursday voted 51-50 — with Vice President Kamala Harris breaking the tie — to proceed to debate on President Biden's $1.9 trillion coronavirus rescue package, likely setting up a final vote this weekend.

The state of play: Sen. Ron Johnson (R-Wis.) forced Senate clerks to read the entire 628-page bill on the floor, which took nearly 11 hours and lasted until 2:04 a.m. on Friday. The Senate is set to return at 9 a.m. to debate the bill before considering amendments, which could drag into the weekend.

Exclusive: Texas nonprofit got massive border contract after hiring Biden official

Migrants attempting to enter the United States from Ciudad Juarez, Mexico. Photo: David Peinado/Xinhua via Getty Images

A Texas nonprofit that recently hired a Biden transition official got a contract worth as much as $530 million to help manage the influx of migrant children at the southern border, Axios has learned.

Why it matters: The contract is by far the largest ever awarded to Family Endeavors. It's potentially worth more than 12 times the group's most recently reported annual budget — a sign of the demand the new work will place on its operations.