1/ Biden signed the $1.9 trillion economic relief package into law – his first major legislative achievement in office. “This historic legislation is about rebuilding the backbone of this country,” Biden said during signing. The American Rescue Package authorizes a third round of one-time stimulus payments up to $1,400 for most Americans, extends enhanced unemployment benefits, and changes the tax code to benefit families with children. The package also unlocks new federal aid to help schools reopen, aid cities and states with budget shortfalls, provide billions in aid for small businesses, and assists in the rollout of a coronavirus vaccine. The U.S. has officially allocated over $5 trillion in funding for Covid-19 relief. (Washington Post / Politico / New York Times / Wall Street Journal / ABC News / Bloomberg / The Guardian)

2/ Some Americans could receive coronavirus stimulus checks as soon as this weekend, White House press secretary Jen Psaki said. “This is, of course, just the first wave,” Psaki said, adding “payments to eligible Americans will continue throughout the course of the next several weeks.” (CNBC)

3/ Biden will address the nation tonight at 8 p.m. Eastern, marking the one-year anniversary of the day the World Health Organization declared a pandemic, and Covid-19 restrictions that forced the U.S. into lockdown. Biden is expected to use his prime-time remarks to “address the American people and talk about what we went through as a nation this past year.” Biden previewed his remarks on Wednesday, saying “I’m going to talk about what comes next […] explain what we will do as a government and what we will ask of the American people. There is light at the end of this dark tunnel. But we cannot let our guard down now or assume the victory is inevitable. Together, we’re gonna get through this pandemic and usher in a healthier and more hopeful future.” (ABC News / Bloomberg / CNN)

4/ The U.S. death rate increased 15% last year as a result of the Covid-19 pandemic – the deadliest year in recorded U.S. history. Covid-19 killed nearly 400,000 people in the U.S. in 2020, making it the third-leading cause of death behind heart disease and cancer. (Politico)