Treasury Distributes Fourth Child Tax Credit Payments

The video discusses the current status and future of monthly checks deposited into bank accounts. While these checks are set to stop at the end of the year, the Biden administration aims to extend them until 2025. Critics raise concerns about the cost and the setup of these benefits. However, research indicates that these checks have significantly reduced financial hardship for low-income families.

Until what year is the Biden administration looking to extend the payments?

How have the checks impacted low-income families according to research?