Treasury Secretary Steven Mnuchin said Tuesday that the Trump administration wants to send checks to Americans “in the next two weeks” in an effort to help people cope with the economic fallout.
“We’re looking at sending checks to Americans immediately,” Mnuchin said. He added the amount would be significant and that millionaires would not receive it. At the same time White House is in negotiations with lawmakers on Capitol Hill for Congress to approve a sweeping economic stimulus package to help U.S. businesses and taxpayers. The White House announced Tuesday that it is pitching a $1 trillion economic package to combat the coronavirus outbreak, $250 billion of which would be used for direct payments to Americans. A group of Senate Democrats, led by Michael Bennet of Colorado, Cory Booker of New Jersey and Sherrod Brown of Ohio, proposed sending as much as $4,500 to each American.
The Trump administration’s stimulus package is bigger than the 2008 bank bailout, and the 2009 American Recovery and Reinvestment Act signed by former President Barack Obama. “Experts say that if every American acts on the coronavirus guidelines, we can see a substantial reduction in the spread, but as the president said, it will take all of us to do it,” the Vice President Mike Pence declared. One guideline, specifically, states that: “If you are an older person, stay home and away from other people.”