WASHINGTON (Reuters) – Payments to U.S. states, municipalities, territories and tribal governments under President Joe Biden’s stimulus act will take about 60 days to go out as the U.S. Treasury writes rules on how the funds can be used, Treasury officials said on Thursday.
A Treasury official told reporters on a conference call the department would consult with state and local governments in coming weeks on the program, which provides up to $350 billion to close budget gaps opened up by the coronavirus pandemic.
(Reporting by David Lawder; Editing by Chris Reese)
