Treasury Secretary Steve Mnuchin confirmed to Fox Business host Maria Bartiromo that the Trump administration is working to send checks to Americans in the next three weeks.
The “checks in the mail” proposal would see money directly deposited in people’s bank accounts to offset the economic turmoil caused by the novel coronavirus.
According to Mnuchin, each adult will receive $1,000 and every child $500. (The Hill)
“This is an unprecedented situation, where for good reason the government has instructed major parts of the economy to close down so that we can win this fight against this virus,” he said in an appearance on Fox Business.
“While we’re doing that, we understand there are impacts on hard-working Americans, and the president is determined to support them,” he added.
“As soon as Congress passes this we’d get this out in three weeks, and then six weeks later, if the president still has a national emergency, we’ll deliver another $3,000,” Mnuchin said. Earlier in the week, Mnuchin had pointed to a two-week target to send out cash payments.
That portion would amount to half of the bill’s overall spending.