Senate Democrats pushed the $1.9 trillion stimulus package through, and it will now go back to the House before reaching the desk of President or Biden for a signature.
The centerpiece of Biden's economic recovery package will extend unemployment benefits through the summer as well as distribute $1,400 checks to individuals making less than $75,000, and couples making less than $150,000.
The bill was approved by a 50-49 vote. One Republican senator was absent, attending a relative's funeral. Passage of the measure was held up for hours by a dispute over how long to extend unemployment benefits and how much they should be,
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, gives investors who want to put their stimulus checks to work in the market some advice in the video above.