- According to the US Treasury Secretary Steven Mnuchin, $ 600 stimulus checks can be deposited directly on Tuesday night.
- Paper checks will possibly be mailed Wednesday, he said.
- The news comes amid a democratic effort to pass another round of stimulus payments of $ 2,000 per adult.
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Christmas could be late for many Americans, with $ 600 incentive checks already deposited directly into their accounts tonight, U.S. Treasury Secretary Steven Mnuchin said Tuesday.
Paper checks can already be sent out on Wednesday, he added.
Included as part of the $ 900 billion coronavirus relief package signed by President Trump this past weekend, the checks – although considered by most Democrats and the president himself – will provide the necessary boost to an economy through which the COVID-19 pandemic was hacked. it killed more than 337,000 people in the US.
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All American adults who earned less than $ 75,000 in 2019, and married couples who earned less than $ 150,000 will receive the full $ 600, as well as their dependent children.
Those who earn more will receive significantly less: someone who earned $ 85,000 will only receive $ 100, while someone who earned $ 100,000 will receive nothing.
—Steven Mnuchin (@ stevenmnuchin1) 29 December 2020
However, the checks may not be the last round of economic aid either.
House Democrats, along with 44 Republicans, passed an independent bill on Monday that would offer $ 2,000 stimulus checks to U.S. adults.
U.S. Senate Spearhead leader Mitch McConnell, under pressure from Senator Bernie Sanders and other progressives who threatened to block the upper house’s work, said Tuesday he was prepared to consider the measure – provided it linked to two unrelated and potentially toxic measures is: one has set up a commission to investigate the president’s unfounded allegations of voter fraud, and the other has repealed a law that gives social media companies legal immunity for content shared on their platforms.
Earlier in the day, McConnell blocked a Democratic effort to hold an independent vote on stimulus controls.
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