Home News Coronavirus updates: 80 million Americans expected to get stimulus checks this week

Coronavirus updates: 80 million Americans expected to get stimulus checks this week

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80M Americans will get stimulus checks this week, says Mnuchin

During a coronavirus task force briefing Monday, Treasury Secretary Steven Mnuchin said he expects over 80 million Americans will get stimulus money deposited into their bank accounts on Wednesday. The one-time $1,200 stimulus payments are part of a $2 trillion relief package intended to help people and spur the economy as businesses shutter amid the coronavirus pandemic. Mnuchin said the government aims to distribute most the of the funds electronically to keep people from having to physically visit a bank.

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