NEW YORK (CNNMoney.com) - President Obama is calling on Congress to send another $250 payment to 57 million seniors and other Americans to stem the economic strain.
Congress approved $250 emergency payments as part of the $787 billion economic recovery act that lawmakers passed in February.
"Even as we seek to bring about recovery, we must act on behalf of those hardest hit by this recession," Obama said in a statement Wednesday. "That is why I am announcing my support for an additional $250 in emergency recovery assistance to seniors, veterans, and people with disabilities to help them make it through these difficult times."
The measure would cost $13 billion over 10 years, according to White House estimates.
The $250 is roughly equal to a 2% increase in benefits for the average Social Security beneficiary.
The move would help counter the effect of an expected announcement that Social Security recipients will not get a cost of living bump in 2010. Such adjustments are tied to economic factors such as inflation, which has remained low because of the recession.
The call for increased benefits for seniors is one of several proposals to expand stimulus benefits. Lawmakers are also considering extending unemployment benefits and the homebuyer tax credit, both of which were included in the economic stimulus bill passed in February.