White House considering giving Americans checks to combat economic impact of outbreak

National

WASHINGTON — The White House announced Tuesday that it wants to give Americans checks in order to combat the economic devastation many will feel amid the coronavirus outbreak.

“We are looking at sending checks to Americans immediately,” Treasury Secretary Steven Mnuchin said during a news conference at the White House Tuesday.

“Americans need cash now,” Mnuchin said. “And I mean now in the next two weeks.”

President Donald Trump, who had initially floated a payroll tax holiday, said that he favored more immediate action that could inject cash into American’s pockets faster than waiting for the next payday.

“I think we are going to do something that gets money to them as quickly as possible,” Trump said. “We will have a pretty good idea at the end of the day what we will be doing.”

It is unclear who would get money and how much, but Mnuchin indicated that it would be aimed towards those most hurt by the outbreak.

“We don’t need to send people who make million dollars a year checks,” Mnuchin said.

Mnuchin is expected to meet with lawmakers on Capitol Hill later Tuesday to urge them to act immediately.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Mobile Apps DMB_1503428499636.png

Trending Now