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You Might Get A $1,000 Check From The Federal Government Due To Coronavirus
President Donald Trump, joined by members of the Coronavirus Task Force, speaks at the White House on March 17, 2020. (Drew Angerer/Getty Images)
President Trump is pushing a plan to send money directly to Americans in response to the coronavirus, saying it's time to "go big" to boost the now stalled economy. How much the checks will be for is still under consideration, but they're considering $1,000 each.
Trump said he wants to push through a major comprehensive package to help businesses and workers facing hardships.
"That's the way I want to go. I just want to get it done and have a big infusion, as opposed to going through little meetings every couple of days," Trump said. "We want to go big."
Treasury Secretary Steven Mnuchin is meeting with lawmakers Tuesday to discuss details of the administration's proposal.
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Mnuchin said Trump wants to start sending out checks within the next two weeks.
It's not clear what income restrictions might be put on the stimulus payments, but Mnuchin said they don't want to be sending checks to millionaires.
Trump and Mnuchin did not say how much the proposal would cost, but a person familiar said earlier on Tuesday that the White House is asking Congress for $850 billion in aid.
The administration is also planning to allow Americans to defer tax payments up to $1 million for 90 days.
The impact of the outbreak has ground the U.S. economy to a near standstill.
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But the game has changed: Congress voted to eliminate funding for public media across the country. Here at LAist that means a loss of $1.7 million in our budget every year. We want to assure you that despite growing threats to free press and free speech, LAist will remain a voice you know and trust. Speaking frankly, the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news in our community.
We’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission.
Thank you for your generous support and belief in the value of independent news.
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