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Photo: Samuel Corum/Bloomberg via Getty Images

The U.S. Treasury has disbursed over 156 million direct payments worth approximately $372 billion since President Biden signed the American Rescue Plan into law, the agency announced Wednesday.

What to watch: The fourth batch of relief checks — over 25 million payments worth more than $36 billion — is due to start appearing in bank accounts on Wednesday, according to the Treasury.

By the numbers: The "largest block" of this next round of payments will go to Social Security beneficiaries who didn’t file a 2020 or 2019 tax return and didn’t use the Non-Filers tool last year.

  • Over 19 million payments have been set aside for these beneficiaries, which include Social Security retirement, survivor or disability (SSDI) beneficiaries.
  • More than 3 million payments will go to Supplemental Security Income (SSI) beneficiaries, while nearly 85,000 payments are allocated to Railroad Retirement Board (RRB) beneficiaries.

Payments to Veterans Affairs beneficiaries who do not normally file a tax return will be disbursed on April 14.

Go deeper: Check out the IRS "Get My Payment" tool to find out if you're eligible

Go deeper

Clubhouse teams up with Stripe for payments feature

Illustration: Sarah Grillo/Axios

Clubhouse is rolling out the ability to send payments directly to other users, partnering with digital payment company Stripe to facilitate the feature.

Why it matters: Clubhouse has touted plans to help conversation hosts generate revenue on the app amid a growing push for creators of digital and social media content be better compensated. Hosts receiving money will get to keep the entire amount for now.

23 mins ago - World

Two years of COVID-19

Expand chart
Data: Our World in Data; Chart: Axios Visuals

Two years ago Wednesday, the first case of a mysterious new respiratory disease was discovered in Wuhan, China. Now, the Omicron variant has deepened concerns about just how much longer the coronavirus pandemic will last.

The big picture: More than 5 million people have died since that first case. Most people on earth have lived through some form of lockdown. 54% of the global population has had at least one vaccination, though the shots have been distributed unevenly.

Updated 12 hours ago - Politics & Policy

U.S. sounds alarm on Ukraine

Conscripts line up at a Russian railway station yesterday before departing for Army service. Photo: Sergei Malgavko/TASS via Getty Images

The Biden administration is "deeply concerned" by new intelligence — detailed for Axios and other outlets — showing Russia stepping up preparations to invade Ukraine as soon as early 2022.

Why it matters: Most of this was known from public sources and satellite imagery, but the administration is sending a stronger signal by releasing specific details from the intelligence community.