Secretary Mnuchin: COVID Stimulus Payments to Begin Arriving Tuesday Night

My1sttoday: Secretary Mnuchin: COVID stimulus payments to begin arriving Tuesday Night. Treasury Secretary Steven Mnuchin said that stimulus payments from the most recent coronavirus relief package could begin landing in Americans’ bank accounts as early as Tuesday night.

Mnuchin said in a tweet that the Treasury Department had delivered a payment file to the Federal Reserve in association with the package and that “payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week.”

Mnuchin said that paper checks will begin to be mailed Wednesday.

The coronavirus relief package, which President Trump signed on Sunday, provided for direct payments of up to $600 per adult and per child under 17. Individuals with income of up to $75,000 and married couples with income of up to $150,000 are eligible for the full amount, and the amounts are reduced for people with incomes above those thresholds.

The announcement that $600 payments are starting to be sent out comes amid a push by Trump and some lawmakers to increase those payments to $2,000. Treasury said Tuesday that if further legislation is enacted to increase the payment amount, payments that have already been issued will promptly be “topped up.”

Coronavirus Deaths Update

All countries
3,320,104
Total deaths
Updated on May 11, 2021 1:52 pm

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