What Americans Will Receive COVID-19 Economic Relief Beliefs?
Mnunchin lays out three groups helped most
On Sunday, Treasury Secretary Steve Mnuchin laid out how Americans are likely set to receive more than $2 trillion in economic stimulus funds that the federal government hopes to disperse as a "bridge to get through" coronavirus shutdowns.
Mnuchin said the Trump administration is working with Republicans and Democrats in Congress to pass the $2 trillion economic relief package that particularly benefits U.S. workers and businesses in four major categories.
The first element he highlighted are small business retention loans intended to inject enough cash flow into local businesses, so they can keep their employees on for at least two weeks. A second massive wave of Americans will receive direct deposits, with an average family of four being given about $3,000. Mnuchin said a third benefit will enhance unemployment insurance for people laid off as a direct result of the coronavirus spread.
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