Finance

Mnuchin: Stimulus checks will arrive within three weeks

Treasury Secretary Steven Mnuchin on Thursday said that direct checks to Americans authorized by the $2 trillion emergency relief package approved by the Senate should be in people’s bank accounts within three weeks.

In an interview on CNBC, Mnuchin said that people should get the checks in mid-April.

“We’re determined to get money in people’s pockets immediately. That will be within three weeks,” he told CNBC.

The Senate late Wednesday approved a $2.2 trillion economic recovery package that included stimulus checks of $1,200 for adults and $500 for each child. The money per check would fall for earners making more than $75,000 before zeroing out for people who make more than $99,000.

The three-week time frame would mean people receive the cash injection by April 16.

Earlier this week, President Trump faced a backlash for suggesting that the health measures to prevent further spread of coronavirus could be eased by Easter Sunday, April 12, to get the economy up and moving again.

Updated at 10:17 a.m.

Tags Coronavirus Donald Trump economic stimulus Steven Mnuchin

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