Biden speech: What time is Joe Biden speaking today, Friday February 5, 2021?

PRESIDENT Joe Biden is expected to address the nation on February 5 in regards to the state of the US economy.

The conversation will most likely also discuss the status of the stimulus check and his $1.9trillion relief package.

What time is Joe Biden speaking today?

President Biden is scheduled to speak at 11.45am today at the White House’s State Dining Room.

He is going to deliver remarks regarding the need for the American Rescue Plan as coronavirus continues to ravage Americans.

In Biden’s $1.9trillion relief plan, the president demanded that households receive a $1,400 stimulus check, which Republicans largely opposed.

How can I watch Biden’s speech?

President Biden's speech will be aired on most major news outlets such as CNN, MSNBC, and Fox.

Did President Biden’s relief plan pass?

As of early Friday, the Senate approved a budget blueprint by invoking reconciliation, meaning that they would not need Republican support for the package and pass solely by majority.

The debate lasted over 15 hours due to a 50-50 partisan deadlock.

The tie-breaker was Vice President Kamala Harris who voted “yes.”

On January 31, Senator Bernie Sanders told ABC News that he would be willing to use reconciliation to ensure that financial support is offered throughout the “unprecedented crisis that we face right now.”

Senator Sanders said: "Look, all of us will have differences of opinion. This is a $1.9 trillion bill. I have differences and concerns about this bill.

"But, at the end of the day, we're going to support the president of the United States, and we're going to come forward, and we're going to do what the American people overwhelmingly want us to do."

When will the third stimulus check be sent?

It is believed that the checks could be sent toward the end of February or by the start of March if it passes through Congress.

However, it has been reported that the relief money will be restricted to people on certain incomes.

For the first two rounds of coronavirus relief payments, a larger number of individuals were able to receive the stimulus checks.

Taxpayers who earned up to $75,000 and couples who made less than $150,000 were eligible to get the first round of $1,400 checks and the second round of $600 checks.

However, the third relief plan will likely be given to people with lower incomes.

The Republican plan would cut off aid for those earning more than $50,000 a year and couples earning more than a combined salary of $100,000.

Eligibility for the previous checks was based on an individual or family’s adjusted gross income (AGI).

This is any salary and money from dividends and pensions minus costs such as charitable donations.

Stimulus checks were sent to those with an AGI below $75,000, rising to $150,000 for married couples filing jointly and $112,500 for heads of household. 

The payments are then reduced by $5 per $100 over the limit.

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