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Biden Agenda Slows in Senate as Final Child Tax Credit Payments Land in Bank Accounts
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WASHINGTON—Democrats are struggling to advance their roughly $2 trillion education, healthcare and climate package before the end of the year, endangering the smooth continuation of monthly child tax credit payments.
The final monthly payments of the expanded child tax credit authorized under current law hit bank accounts Wednesday. A one-year extension of that break is a central plank of Democrats’ package, and the Internal Revenue Service has told lawmakers that they must extend the program by Dec. 28 to keep January’s payments on track, a deadline that party leaders have aimed to meet.
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