Heres when Americans can expect COVID-19 relief payments, according to Mnuchin
Treasury Secretary Steven Mnuchin said Monday Americans who qualify for direct payments in the new pandemic relief legislation should expect to see money in their accounts as early as next week.
“The good news is this is a very, very fast way of getting money into the economy. Let me emphasize: people are going to see this money at the beginning of next week,” Mnuchin said in a phone interview with CNBC.
"The president wanted direct payments, so we will be sending out next week direct deposit," Mnuchin said. "I expect we'll get the money out by the beginning of next week."
His announcement comes just hours before lawmakers on Capitol Hill were set to vote on a compromise $900 billion COVID-19 stimulus package after months of stalled negotiations.
Ken Cedeno/Reuters
Speaker of the House Nancy Pelosi walks back to her office after opening the House floor followi...Read More
Top Democrats House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer called the plan a “package that delivers urgently needed funds to save the lives and livelihoods of the American people as the virus accelerates.” But they both made clear that more needs to be done after President-elect Joe Biden takes office in January.
Mnuchin called direct payments a "very, very fast way of getting money into the economy."
"It's money that gets recirculated in the economy, so people go out and spend this money, and that helps small business and that helps getting more people back to work," he said.
http://www.wdir1.com/link/149130/electoral-college-outcome
https://pastebin.com/NV9VdaT
Pool via Getty Images
Treasury Secretary Steven Mnuchin listens to a question during a House Financial Services Comm...Read More
MORE: McConnell says pandemic relief deal with aid to individuals, businesses is 'close'
The deal also includes $300 in enhanced federal unemployment benefits through mid-March, $25 billion in rental assistance, $15 billion for theaters and other live venues, $82 billion for local schools, colleges, and universities, and $10 billion for child care.
The measure would also provide more than $284 billion for businesses and would revive the Paycheck Protection Program, which expired over the summer.
Mnuchin spoke approvingly of the compromise that was made to get the bill over the finish line.
“This overall bill I think is fabulous,” he said, adding that “this is a large bill and has a little bit of everything in it for everybody.”
The White House has signaled President Trump will sign the bill into law.
Treasury Secretary Steven Mnuchin said Monday Americans who qualify for direct payments in the new pandemic relief legislation should expect to see money in their accounts as early as next week.
“The good news is this is a very, very fast way of getting money into the economy. Let me emphasize: people are going to see this money at the beginning of next week,” Mnuchin said in a phone interview with CNBC.
MORE: Lawmakers reach COVID-19 relief deal
"The president wanted direct payments, so we will be sending out next week direct deposit," Mnuchin said. "I expect we'll get the money out by the beginning of next week."
His announcement comes just hours before lawmakers on Capitol Hill were set to vote on a compromise $900 billion COVID-19 stimulus package after months of stalled negotiations.
Ken Cedeno/Reuters
Speaker of the House Nancy Pelosi walks back to her office after opening the House floor followi...Read More
Top Democrats House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer called the plan a “package that delivers urgently needed funds to save the lives and livelihoods of the American people as the virus accelerates.” But they both made clear that more needs to be done after President-elect Joe Biden takes office in January.
Mnuchin called direct payments a "very, very fast way of getting money into the economy."
"It's money that gets recirculated in the economy, so people go out and spend this money, and that helps small business and that helps getting more people back to work," he said.
Pool via Getty Images
Treasury Secretary Steven Mnuchin listens to a question during a House Financial Services Comm...Read More
MORE: McConnell says pandemic relief deal with aid to individuals, businesses is 'close'
The deal also includes $300 in enhanced federal unemployment benefits through mid-March, $25 billion in rental assistance, $15 billion for theaters and other live venues, $82 billion for local schools, colleges, and universities, and $10 billion for child care.
The measure would also provide more than $284 billion for businesses and would revive the Paycheck Protection Program, which expired over the summer.
Mnuchin spoke approvingly of the compromise that was made to get the bill over the finish line.
“This overall bill I think is fabulous,” he said, adding that “this is a large bill and has a little bit of everything in it for everybody.”
The White House has signaled President Trump will sign the bill into law.
The Secrets to Pass SAP C_TS451_1809 Certification Exams With Ease
- Marketing automation is one of the great processes that help businesses not only to automate their repetitive marketing tasks.
Do Candidates Fail In The Cisco 820-605 Certification Exam?
- Marketing automation is one of the great processes that help businesses not only to automate their repetitive marketing tasks.
The Secrets to Pass NetApp NS0-194 Certification Exams With Ease
- CMMS is short for Computerized Maintenance Management System.Chances are youll under no circumstances really want to get fearful about any with all teaching..
Francois Hollande Fast Facts
- Personal<br><br>Birth date: August 12, 1954<br><br>Birth place: Rouen, Normandy, France<br><br><br><