Monday, January 25, 2021
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Checks for $ 600 will start arriving as early as Tuesday night, says Treasury secretary


#Direct payments of $ 600 approved by #Congress as part of the economic stimulus legislation for the COVID-19 pandemic will begin to reach the bank accounts of eligible citizens as soon as #Tuesday night, said today the secretary of the #Treasure, #Steve #Mnuchin.

#Payments “may start pouring into some accounts via direct deposit as early as tonight,” #Mnuchin wrote in a tweet#He added that the federal government will begin to send paper checks on #Wednesday, #December 30, to those without bank accounts registered in the #Internal #Revenue #Service (IRS) system.

[El Senado abre la puerta al cheque de $2,000 pero rechaza aprobarlo rápido]

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The #Treasury department later said in a statement that direct payments will continue into the next week. “#This second round of payments will provide critical financial support to those through no fault of their own who have been adversely affected by the COVID-19 pandemic.”

The IRS has until #January 15 to finish processing automatic payments.

#People #Eligible for the $ 600 check are those whose 2019 income did not exceed $ 75,000. #Married couples who file taxes together and whose earnings do not exceed 150,000 will receive 1,200, and up to 600 for each eligible child.

[Por qué hay vacuna contra el COVID-19, pero no contra el cáncer o el sida]

#Like the first, this second round of payments will be distributed automatically, with no action required for eligible individuals.

#Under the CARES legislation, approved in #March, the #Government disbursed more than 270,000 million that benefited almost 160 million #Americans, amid the economic crisis caused by the health emergency of the coronavirus, which has forced the temporary or definitive closure of thousands of businesses across the country and has left millions unemployed.

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“The good news is that this is a very, very fast way to get money into the economy,” #Mnuchin told CNBC host #Jim #Cramer last week. “#It’s money being recirculated into the economy,” he added. “#People go out and spend that money, and that helps small businesses and helps more people get back to work.”

The $ 900 billion economic stimulus bill that includes the check was signed by #President #Donald #Trump on #Sunday night, and also includes key unemployment benefits and small business grants.

#On #Monday, the #House of #Representatives approved #Trump’s proposal to raise the checks from $ 600 to $ 2,000.

#Senate #Majority #Leader #Mitch #McConnell rejected a swift approval of the 2,000 check but opened the door for a vote under pressure from two #Republicans

on #Tuesday blocked the proposal, but said that the #Senate “will begin a process” this week to consider, together, three demands of the president, #Donald #Trump.

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#McConnell





[ source link ]
https://www.telemundo.com/noticias/noticias-economia/los-cheques-de-600-comenzaran-llegar-tan-pronto-como-la-noche-de-este-martes-dice-el-tmna3856228

##Checks #start #arriving #early ##Tuesday #night ##Treasury #secretary

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