U.S. Secretary of the Treasury Steven Mnuchin is laying out when Americans could start to receive the new stimulus checks after Congress reached a deal on an approximately $900 billion coronavirus relief bill.
During Mondayās interview on CNBC, Mnuchin said, āThe good news is this is a very, very fast way of getting money into the Economy. Let me emphasize: People are going to see this money at the beginning of next week.ā
He continued, āPeople go out and spend this money, and that helps small business and that helps getting more people back to work.ā He added that he believes āthis will take us through the recovery.ā
Watch Mnuchinās interview below:
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Congressional leaders reached a coronavirus relief deal on Sunday of approximately $900 billion. Congress is expected to vote to approve the bill.
Part of the bill includes $600 per adult and child, depending on the personās income. The payment amount is less for those who made over $75,000 in the 2019 tax year and will not be given to those who made over $99,000.
Senate Majority Leader Mitch McConnell (R-Ky.) wrote on Twitter Sunday in announcing the deal, āCongress has just reached an agreement. We will pass another rescue package ASAP. More help is on the way.ā