The Hill, Mnuchin confirms plan for $1,000 cash payments to all Americans
Summary
In this March 19, 2020 article from The Hill, Niv Elis reports that Treasury Secretary Steve Mnuchin said the White House coronavirus stimulus plan could give every American two $1,000 checks within nine weeks. The $1 trillion package the White House and Senate Republicans planned would give every adult a $1,000 check plus $500 per child, so a family of two parents and two children would get $3,000; Mnuchin said a second $3,000 could follow six weeks later if the national emergency continued. Cash payments would be half of the bill's spending, with $300 billion to help businesses keep people on payroll and $200 billion to secure lending to airlines and other critical industries. The article calls it the third and largest bill, after an $8.3 billion law and a second law of roughly $104 billion for paid leave, free testing and unemployment insurance.
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Administration Mnuchin confirms plan for $1,000 cash payments to all Americans by Niv Elis - 03/19/20 10:27 AM ET by Niv Elis - 03/19/20 10:27 AM ET html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd" The White House’s coronavirus stimulus plan could see every American get two $1,000 checks from the government within nine weeks, Treasury Secretary Steve Mnuchin said Thursday. “This is an unprecedented situation, where for good reason the government has instructed major parts of the economy to close down so that we can win this fight against this virus,” he said in an appearance on Fox Business . “While we’re doing that, we understand there are impacts on hard-working Americans, and the president is determined to support them,” he added. The $1 trillion package the White House and Senate Republicans plan on presenting would provide every adult American with a $1,000 check, plus another $500 for each child. A family with two parents and two children, for example, would get $3,000. “As soon as Congress passes this we’d get this out in three weeks, and then six weeks later, if the president still has a national emergency, we’ll deliver another $3,000,” Mnuchin said. Earlier in the week, Mnuchin had pointed to a two-week target to send out cash payments. That portion would amount to half of the bill’s overall spending. Another $300 billion in the bill would be used to help businesses keep people on payroll and offer loan forgiveness for those that do after the crisis ends. Already, unemployment claims have shot up by some 33 percent between the first two weeks of March. A final $200 billion would be devoted to securing lending to airlines and other critical industries hit hard by the pandemic. The bill would be the third, and largest, in the government’s response to coronavirus. The first $8.3 billion law focused on health agencies and first responders, while the second, which Trump signed Wednesday, put roughly $104 billion toward emergency paid leave, free coronavirus testing and expanded unemployment insurance. Tags Coronavirus economy Family Stimulus Treasury Copyright 2025 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. More Administration News See All Administration Trump skeptical about need to follow Constitution in deportation cases: ‘I don’t know’ by Jared Gans 15 mins ago Administration / 15 mins ago Administration Trump claims credit for good parts of economy, blames Biden for bad parts by Jared Gans 44 mins ago Administration / 44 mins ago Senate Warner says US will pay the price for federal cuts ‘literally for years’ by Lauren Irwin 1 hour ago Senate / 1 hour ago Administration New York cardinal takes Trump to task over AI pope image: ‘Wasn’t good’ by Rachel Scully 2 hours ago Administration / 2 hours ago See All Video/Hill.TV See all Hill.TV See all Video THE HILL TV Rising: May 2, 2025 by TheHill.com 05/02/25 11:22 AM ET THE HILL TV / 2 days ago THE HILL TV Rising: May 1, 2025 by TheHill.com 3 days ago THE HILL TV / 3 days ago Rising Rising: April 29, 2025 by TheHill.com 4 days ago Rising / 5 days ago See all Hill.TV See all Video Top Stories See All Senate Democrats cautiously open door to another Harris run in 2028 by Alexander Bolton 5 hours ago Senate / 5 hours ago See All
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