Congress rushes to get coronavirus checks deposited in bank accounts within three weeks

The Trump administration is looking to have pandemic relief checks deposited in bank accounts in a matter of weeks.

“Our expectation is within 3 weeks we will have direct payments out where we have depository information,” Treasury Secretary Steven Mnuchin said while briefing the press Tuesday evening about the status of the $2 trillion pandemic relief bill passed by the Senate later in the night.

The legislative package, featuring $1,200 tax rebates for adults and rescue loans and grants for businesses, only came together in the early hours of Wednesday morning, when Senate Republicans and Democrats finished negotiating its terms. Congress and the administration
Read more…

Please follow and like us: