Biden backs House Democrats' proposed threshold for COVID-19 checks

President Biden said Tuesday he agrees with a proposal from House Democrats to begin phasing out the next round of direct coronavirus relief payments to Americans who make more than $75,000, a key sticking point among some in the party.

Biden signaled his support for the threshold during a meeting with the heads of several major corporations in the Oval Office. He hosted the business leaders to solicit buy-in on his $1.9 trillion relief proposal as well as to discuss future economic measures such as an infrastructure package and an...