Minister of Finance Steven Mnuchin
Steven Mnuchin What’s in the $ 0 Million Coronavirus Relief Bill Negotiators resolve last-minute issues as COVID relief bill moves toward finish line Senators reach agreement on the powers of the Fed, setting the stage for the relief passage of the MORE coronavirus said Monday that it expects Americans to begin receiving stimulus checks as early as next week from the COVID-19 relief package that Congress is about to approve.
“The president wanted direct payments, so we will send a direct deposit next week,” Mnuchin told CNBC. “I hope we get the money out early next week.”
Lawmakers and the White House reached an agreement on a $ 900 billion coronavirus relief package on Sunday that includes direct payments of up to $ 600 for adults and children. Congress has yet to vote on the bill, the text of which had not yet been published as of Monday morning, and President Trump
Donald Trump: Trump signs a bill that extends government funding for 24 hours. Congress approves the bill one day before the cut-off deadline. you still need to sign it.
The bill payments will be the second round of direct payments Congress has provided in an effort to help people cover expenses during the coronavirus pandemic. In March, Congress enacted payments of up to $ 1,200 per adult and $ 500 per child under the CARES Act.
Mnuchin’s schedule for the second round is faster than the schedule for the CARES Act payments. The first round of payments was enacted on March 27 and taxpayers whose direct deposit information was already registered with the IRS began receiving their payments in mid-April.
Mnuchin defined direct payments as a “very quick way to get money into the economy.”
“It’s money that is recirculated to the economy, so people go out and spend that money and that helps small businesses and that helps get more people back to work,” he said.