During the White House Coronavirus presser on Thursday, Steve Mnuchin announced that the first round of relief checks is coming in two weeks.
This is good news for millions of people who are hurting right now.
FOX News reports:
Mnuchin says first round of coronavirus relief checks arriving in two weeks
Treasury Secretary Steve Mnuchin announced on Thursday that the first round of stimulus checks will be directly deposited into Americans’ bank accounts in the next two weeks.
When the checks — a key part of the massive $2.2. trillion coronavirus stimulus bill that President Trump signed last week — will be sent out has been a major subject of debate as the U.S. economy continues to reel from the financial impact of the coronavirus pandemic. There had been rumors that it could five weeks to get the first checks out, but Mnuchin said previously said it would take three weeks.
“I told you it would be three weeks, now I’m telling you it will be two weeks,” Mnuchin said during a press briefing on Thursday. “It is not going to take five weeks, I’m assuring the American public. They need the money now.”
People who file their taxes as individuals are eligible for payments up to $1,200, but that decreases for people who earn an adjusted gross income of more than $75,000 a year. The bill says that the payment is reduced by five percent of every dollar above that mark, or $50 for every $1,000 above $75,000.
See the video below:
There is also help on the way for businesses and workers:
Sec. Steven Mnuchin: the Trump administration has been "working around the clock” to get money to small businesseshttps://t.co/n2wOi1ssg9 pic.twitter.com/rLn1ZwR9zy
— RNC Research (@RNCResearch) April 2, 2020
SBA Administrator Jovita Carranza: small businesses “front and center” in “unprecedented” relief efforthttps://t.co/QobcWcXejG pic.twitter.com/4KQEz5qcjJ
— RNC Research (@RNCResearch) April 2, 2020
This is all excellent news at a time when people really need it.
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