Biden Limits Eligibility for Stimulus Payments

The relief plan would now phase out the $1,400 payments faster for higher-income individuals after moderate Senate Democrats pushed for more “targeted” spending, the Washington Post reports.

Bloomberg: “Individuals earning over $80,000 now won’t qualify for the payments, compared with a $100,000 cap in the previously drafted legislation… The ceiling for couples will now be $160,000 against $200,000 before.”