Trump Administration Proposing $250 Billion in Checks to Citizens in Wake of Coronavirus Pandemic
In a press conference earlier today, Treasury Secretary Steven Mnuchin told reporters that the Trump administration is working on sending checks directly to Americans.
The White House announced today that it will be pitching a $1 trillion stimulus package to combat the economic effects of the COVID-19 pandemic.
The administration states that $250 billion of this money is being slated for checks sent directly to American citizens.
“We’re looking at sending checks to Americans immediately,” Treasury Secretary Steven Mnuchin told reporters at the White House.
It is not clear who will and will not be eligible as check recipients, and what the value of these checks would be. But, if divided equally among all American adults, the stimulus would provide each American adult with $1,195.
In addition to stating the Administration’s intent to propose checks written directly to the American people, he also stated that the Administration hopes to deliver the checks in two weeks.
“Americans need cash now, and the president wants to get cash now,” Mnuchin said. “And I mean now in the next two weeks.”
What do you think about this proposed stimulus? Could you, or do you know anyone who could, use an extra $1195 right now?
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