You Might Get A $1,000 Check From The Federal Government Due To Coronavirus
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.
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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