BREAKING: Trump Admin To ‘Immediately’ Send Checks To Americans

President Trump will be sending checks to American adults to help them while the ongoing coronavirus continues to keep many places closed.

During a presser at the White House on Tuesday morning, Treasury Secretary Steven Mnuchin said Americans can expect these checks very soon.

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

Almost immediately, Munchin was asked by a reporter how much money people can expect to receive.

While he did not specify a figure, the treasury secretary said he would be “previewing” a figure with Republican members of Congress. He hinted it would be larger than the figure currently being floated in mainstream media.

This could be a reference to a plan pitched by Republican Senator Mitt Romney who floated $1,000 per month to every adult throughout the coronavirus.

From Axios:

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What he’s saying:

  • It’s still unclear who would get money and how much, but Mnuchin indicated that it would be aimed towards those most hurt by the coronavirus outbreak.
  • “We don’t need to send people who make a million dollars a year checks,” Mnuchin said.
  • Some on Capitol Hill and liberal and conservative economists have called for direct government payments of $1,000 to every American adult. Mnuchin said the amount of each check “may be a little bit bigger than whats in the press.”

Other highlights:

  • Mnuchin also announced that the government will defer up to $300 billion in tax payments, allowing individuals to defer up to a million dollars and corporations to defer up to $10 million for corporations — interest-free and penalty-free for 90 days.

  • Mnuchin said that the the administration intends to keep financial markets open, but shorter hours may be necessary


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