Treasury Secretary Steven Mnuchin said Thursday morning that Americans will get their stimulus checks through direct deposit within the next three weeks.
Mnuchin’s comments come a day after the Senate unanimously approved a $2 trillion coronavirus stimulus package that includes a $1,200 payment to single Americans who make less than $75,000 a year, $2,400 for families that make under $150,000 a year, and $500 for each child under the age of 17. The bill is expected to pass the House and be signed into law by President Donald Trump in the near future. (RELATED: Neil Ferguson, Doctor Behind Coronavirus Doomsday Imperial College Study, Revises Predictions)
“First of all, most of these will be direct deposit, so we call them checks in the mail, but most of them will be direct deposits, it will be within three weeks,” Mnuchin told CNBC’s Jim Cramer. We’re determined to get money in people’s pocket immediately. So that will be within three weeks.”
Mnuchin says he’s hopeful that House Speaker Nancy Pelosi will act quickly to pass the bill, so Americans can get their money as quickly as possible. (RELATED: Pelosi Lies About House Bill On CNN: ‘Everything We Are Suggesting Here Relates To COVID-19’)
“I would hope that the House passes this unanimously,” Mnuchin said. “I’ve already reached out to the speaker and to Kevin McCarthy on the sense of urgency.”
Mnuchin has been the White House’s point man in negotiations with Congress, and was instrumental in the passage of previous relief measures, including the “Families First Coronavirus Response Act,”which provided more than $1 trillion in stimulus money, including $500 billion in loans to small businesses.