President Joe Biden signes the $1.9 trillion pandemic-relief bill into law, capping his first major legislative achievement and allowing aid to flow to tens of millions of individuals, businesses and state and local governments. The legislation includes a wave of new spending, an extension of jobless benefits, another round of direct household payments, money for state and local governments and an expansion of vaccinations and virus-testing programs, including a national vaccine distribution program for all residents regardless of immigration status. It also includes a massive, one-year expansion to the child tax credit program aimed at curbing child poverty, a change Democrats are already seeking to make permanent. The legislation cleared the House for a second time after last-minute changes were made to unemployment insurance payments to mollify moderate Democrats in the Senate, which passed their version March 6. Despite slight process delays in moving the bill, Democrats are set to beat their March 14 deadline to enact the legislation, the date when jobless begin to expire. The legislation rivals the $2 trillion March 2020 Cares Act in size and scope and follows a $900 billion December relief package. After this bill, lawmakers plan to begin work on a longer-term economic recovery plan in coming weeks, aimed at job creation, infrastructure investment and development goals such as climate change. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake