World News – US Treasury Secretary Mnuchin says $ 600 Covid payments will begin Tuesday evening

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Treasury Secretary Steven Mnuchin said Tuesday that much-needed Covid-19 direct aid would be paid out on Tuesday evening as a measure to increase payments from 600 to 2. $ 000 stalled in the Senate.

« @USTreasury provided a payment file to @FederalReserve for the American Economic Impact Payments. These payments can be received by direct deposit this evening on some accounts and will continue until next week, « announced Mnuchin in two tweets. « Paper checks will be mailed tomorrow, » he added.

. @USTreasury provided a payment file to @FederalReserve for the American Economic Impact Payments. These payments can be received in some accounts by direct deposit this evening and will continue until next week (1/2)

He said that starting later this week, people expecting payments will be able to check their status on the Get My Payment page.

Mnuchin said the Treasury Department and the IRS were working « at an unprecedented rate » to get the checks out. « These payments are an integral part of our commitment to bring important additional economic relief to the American people at this unprecedented time, » he said in a statement.

According to the terms of the bill, people who in 2019 up to 75. Earned $ 000, up to $ 600. Married couples up to 150. Earned $ 000 will receive up to $ 1. $ 200. Filers listed as « Head of Household » and 112. Earning $ 500 or less will also receive up to $ 600. Families will receive an additional $ 600 – up from $ 500 in the spring – for each member under the age of 18 in their households.

Senate Democrats failed their attempt to quickly cut payments earlier in the day. 000 US dollars – what President Donald Trump has called for.

Trump started complaining about the size of the direct payment checks after Congress signed them last week as part of a $ 900 billion Covid-19 aid package.

Mnuchin proposed the $ 600 checks and negotiated the stimulus package on behalf of Trump with congressional leaders on both sides of the aisle.

Trump’s complaints resulted in him pulling on his heels to sign the bill, which resulted in the temporary voiding of some unemployment benefits. Trump relented and signed on Sunday, but he held on to his call to increase payments.

The House passed a bill on Monday to sign higher payments that Senate Minority Chairman Chuck Schumer, D-N. Y. . , attempted to pass the Senate Tuesday using a mechanism known as unanimous approval. The offer failed when Majority Leader Mitch McConnell, R-Ky. contradicted.

Democrats are urging McConnell to put the House bill for a single vote in the coming days.

Steven Mnuchin, US Treasury Department, Donald Trump

World News – US Treasury Secretary Mnuchin says payments for $ 600 Covid will begin Tuesday evening

Ref: https://www.nbcnews.com

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