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Americans breathe a sigh of relief as $600 Covid payments roll in


#Many #Americans are waking up this week to at least $600 more in their bank accounts as the federal government begins to disperse the newest round of #Covid-19 relief funds.

#Treasury #Secretary #Steven #Mnuchin said #Tuesday that direct deposit payments could appear anytime between that night and next week. #Paper checks were mailed out beginning #Wednesday, #Mnuchin said, for qualifying #Americans who have not registered their banking information with the #Internal #Revenue #Service.

#Brittany #Williams, 39, said she received $1800— $600 each for herself and her two sons, who are six and eight-years-old.

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“#Having this little bit really puts me at ease,” #Williams, who is a single mother, said. “#Just kind of gives me a second to breathe.

#Williams works at a marketing company based out of #Colorado but moved to #Mukilteo, #Washington, during the pandemic to be closer to her parents. #She’s had to rely on her savings account for many necessary expenses this year after she lost some of her clients due to #Covid-19 economic struggles.

“#It just helps me get a couple more #Christmas presents under the tree for them that they weren’t gonna get this year because of my financial situation,” #Williams said.

#She’s using some of the extra cash to buy #Lego blocks, which her sons love but she wasn’t able to afford this year.

“They’re expensive,” #Williams said. “They were not at the top of my able-to-do list this year, so I’m really excited to just give them a couple of things that they’re really going to love and enjoy and spend quality time on.”

The $600 payments are part ofthe nearly $900 billion #Covid-relief package that #President #Donald #Trump signed into law on #Sunday after a multi-day delay during which he urged legislators to send out $2,000 checks instead. The #Democratic-led #House of #Representatives passed a bill on #Monday green lighting the larger checks, but the legislation faces a grim future in the #Republican-led #Senate.

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#As of now, individuals who made up to $75,000 in 2019 will receive $600, with married couples who earned up to $150,000 receiving $1,200. #Additionally, families will receive an additional $600 for each dependent under 18 in the household.

#Some #Americans are using the extra cash to pay down credit card debt accrued as they struggled to find work.

#Michelle #Soto, 25, said she was part of the early layoffs to hit the tourism industry in #Philadelphia. #When she got her stimulus check on #Thursday, she immediately made a credit card payment.

#Soto said she drained her savings account in the first months of the pandemic, trying to keep up with rent and student loan payments while unemployed. #She lost her lease and was effectively homeless until she was able to move in with her mother in #Minnesota.

“I’m trying to make sure that I am keeping my cat alive, keeping myself alive, and trying not to default on any payments of any of the debts that I do have, and then trying to find a way to get health insurance before I turn 26,” #Soto said.

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#Her cat underwent surgery earlier this year, which she also paid for with her credit card. #Her storage unit, grocery bills, and utilities are also draining her bank account dry. #She has been receiving around $150 in weekly unemployment benefits, less than she did at the start of the pandemic, though that is also likely to increase because of the new relief bill.

#Both women, like many other #Americans, are hoping the #Senate will eventually approve the $2,000 checks.

“#It’s very clear how out of touch they are when they think that $600 will change anybody’s life,” #Soto said. “$600 is a lot of money for a 12-year-old, $600 is nothing for an adult who has responsibilities and debt, and bills and children.”





[ source link ]
https://www.nbcnews.com/politics/congress/americans-breathe-sigh-relief-600-covid-payments-roll-n1252563

##Americans #breathe #sigh #relief ##Covid #payments #roll

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