Canada Markets close in 1 hr 41 mins

U.S. Treasury says disbursed $700 billion of COVID-19 relief funds

·1 min read
FILE PHOTO: Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C.

WASHINGTON (Reuters) -The U.S. Treasury on Thursday said it had disbursed about $700 billion of $1 trillion in COVID-19 relief programs administered by Treasury in the first six months since the American Rescue Program (ARP) was signed into law.

Most of that money, $450 billion, was paid directly to families and households, through Economic Impact Payments totaling more than $400 billion, child tax credits totaling more than $46 billion, and more than $5 billion in rental assistance going out. Treasury said it has also sent $240 billion to help state, local and tribal governments.

(Reporting by Andrea Shalal and David Lawder; Editing by Chizu Nomiyama)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting