Stimulus Checks Starting Mailing Today, Direct Deposits Will start Tonight, Most Should Be Received By 12/30
Stimulus checks will begin arriving “as early as tonight” for eligible Americans, Treasury Secretary Steven Mnuchin tweeted on Tuesday, pointing to the Internal Revenue Service (IRS) ‘Get My Payment’ tool for status updates.
“This second round of payments will be distributed automatically, with no action required for eligible individuals,” the Treasury Department stated on Tuesday. “If additional legislation is enacted to provide for an increased amount, Economic Impact Payments that have been issued will be topped up as quickly as possible.”
The current round of stimulus payments, part of a new $900 billion stimulus deal, should be completed by Jan. 15, according to the bill’s text. Starting on Wednesday, around 10 million are expected to be mailed every week to recipients without direct deposit information on file with the IRS.
The direct payments are part of the $900 billion coronavirus relief package that President Trump signed on Sunday. The $600 payments are the second round of relief checks meant to mitigate the economic effects of the coronavirus pandemic. The first round, with $1,200 payments to roughly 80 million people, happened in the spring.
The latest wave of financial assistance was attached to a $1.4 trillion omnibus spending bill that will fund the federal government for the rest of the fiscal year, ending Sept. 30. The relief package also includes $300 billion in new loans for small businesses, as well as $300 per week in enhanced unemployment insurance benefits.
Trump urged Congress to increase the direct coronavirus payments to $2,000, but Senate Majority Leader Mitch McConnell blocked a Democratic attempt to answer that call on Tuesday.
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