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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.

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.