President Joe Biden signed into law a third round of direct stimulus transfers in less than a year, meaning that most Americans can expect another cash infusion in the coming weeks. The Internal Revenue Service has begun sending more than $410 billion in payments to low- and middle-income households, the largest batch of direct household assistance yet during the pandemic. Democrats say that these $1,400 checks, combined with $600 approved in December, fulfill a pledge made late last year to send $2,000 to American households. The hope is that the payments can help families cover costs while hundreds of millions of people wait to be vaccinated and return to more normal daily routines. 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