World News – US $ 600 stimulus payments ran out Tuesday night, Treasury Department says

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The Trump administration began submitting stimulus payments of up to $ 600 to millions of Americans on Tuesday night under the recently passed COVID relief bill. the second such direct payment to Americans given historic unemployment and ongoing business closings.

In two tweets on Tuesday evening, Treasury Secretary Steven Mnuchin wrote that payments « can be received by direct deposit into some accounts this evening ». « He also wrote that the government will begin mailing checks on Wednesday for those without government-registered bank accounts.

« These payments are an integral part of our commitment to provide important additional economic relief for the American people at this unprecedented time, » Mnuchin wrote in a separate email statement.

The second payment round is automatically distributed in the following breakdown: up to 600 USD for eligible persons, 1. $ 200 for couples submitting together and up to $ 600 for each child. Similar to the first payment round in March, the amounts begin to taper according to certain income levels.

« If you increase your gross income for 2019 by up to 75. $ 000 for individuals and up to $ 150. Adjusted $ 000 for married couples filing joint returns and filing surviving spouses, you will generally receive the full amount of the second payment, « the Treasury Department wrote a statement. « For filers with an income above these amounts, the payment amount will be reduced, » the statement added.

Last week, Mnuchin told CNBC that Americans who qualify for direct payments could see those funds in their bank accounts within days. President Donald Trump’s delays in signing the COVID aid package, criticizing the size of the checks and the foreign aid contained in an accompanying year-end funding bill, had raised concerns that the deposits might come later.

« The good news is that this is a very, very quick way to get money into the economy. Let me point out, people will see this money early next week, « Mnuchin told CNBC host Jim Cramer.

« So it’s very fast, it’s money that circulates in the economy, » he added. « People go out and spend this money and that helps small businesses and helps get more people back to work. « 

The bill, signed by Trump late Sunday, also extended key unemployment benefits and provided additional funding for small businesses. The last minute rush to send stimulus checks reflects the gigantic task the Trump administration has faced in recent weeks.

Payments begin as some in the Senate push for legislation to end the direct payments in the coronavirus relief package to Jan.. $ 000 increase. The House has already approved a bill for this.

Senate Majority Leader Mitch McConnell on Tuesday blocked an attempt by Senate Minority Leader Chuck Schumer to unanimously pass a bill that would limit direct payments to Jan.. Would increase $ 000.

The Kentucky Republican tabled a bill later Tuesday that would reduce the amount of checks from 600 to 2. 000 US dollars, the statutory liability protection under Section 230 for Internet platforms is lifted and a commission is to be set up to investigate electoral issues. The law would meet all of President Donald Trump’s recent demands that have nothing to do with one another but that would not receive democratic support and would become law.

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Steven Mnuchin, United States Treasury Department, Donald Trump, check

World News – US Dollars – $ 600 stimulus payments went out Tuesday night, the Treasury Department says

Ref: https://www.nbclosangeles.com

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