Paper checks for those who need them will start being sent out Wednesday, Mnuchin said.
These payments up to $600 for individuals, $1200 for married couples and up to $600 for each child are the second wave of funds paid directly to Americans to help with the economic hit from the pandemic, CNBC s Amanda Macias reports.
The House passed a bill to increase the direct payments to $2,000 for each individual, but the Senate has yet to take a vote on it. Senate Majority Leader Mitch McConnell introduced a bill Tuesday that would address the direct payment boost, but also included items on Section 230 legal liability protections for internet platforms and the creation of a commission to study election issues. Those additions to the bill will likely not have support from Democrats.
Paper checks for those who need them will start being sent out Wednesday, Mnuchin said.
These payments up to $600 for individuals, $1200 for married couples and up to $600 for each child are the second wave of funds paid directly to Americans to help with the economic hit from the pandemic, CNBC s Amanda Macias reports.
The House passed a bill to increase the direct payments to $2,000 for each individual, but the Senate has yet to take a vote on it. Senate Majority Leader Mitch McConnell introduced a bill Tuesday that would address the direct payment boost, but also included items on Section 230 legal liability protections for internet platforms and the creation of a commission to study election issues. Those additions to the bill will likely not have support from Democrats.
President Donald Trump signed a long-awaited Covid relief bill late Sunday night, triggering a second round of aid for Americans amid the ongoing pandemic. The bill includes $600 direct payments, more funding for small businesses and boosted unemployment benefits. Trump delayed signing the bill, insisting the stimulus check amount was too low and allowing unemployment benefits to briefly lapse for millions of Americans.
The U.S. is recording at least 184,000 new Covid-19 cases and at least 2,200 virus-related deaths each day, based on a seven-day average calculated by CNBC using Johns Hopkins University data.
Here are some of the biggest developments Monday:
President Donald Trump signed a long-awaited Covid relief bill late Sunday night, triggering a second round of aid for Americans amid the ongoing pandemic. The bill includes $600 direct payments, more funding for small businesses and boosted unemployment benefits. Trump delayed signing the bill, insisting the stimulus check amount was too low and allowing unemployment benefits to briefly lapse for millions of Americans.
The U.S. is recording at least 184,000 new Covid-19 cases and at least 2,200 virus-related deaths each day, based on a seven-day average calculated by CNBC using Johns Hopkins University data.
Here are some of the biggest developments Monday:
President Donald Trump signed a long-awaited Covid relief bill late Sunday night, triggering a second round of aid for Americans amid the ongoing pandemic. The bill includes $600 direct payments, more funding for small businesses and boosted unemployment benefits. Trump delayed signing the bill, insisting the stimulus check amount was too low and allowing unemployment benefits to briefly lapse for millions of Americans.
The U.S. is recording at least 184,000 new Covid-19 cases and at least 2,200 virus-related deaths each day, based on a seven-day average calculated by CNBC using Johns Hopkins University data.
Here are some of the biggest developments Monday: