US Stimulus Americans

U.S. Stimulus Deal, Americans To Start Getting Checks Next Week

A second round of stimulus checks will soon be landing in the bank accounts of millions of Americans. Congressional leaders agreed on the $900 billion COVID-19 economic relief package on Sunday, December 20th.

“This is a very, very fast way of getting money into the economy. Let me emphasize: People are going to see this money at the beginning of next week,” Treasury Secretary Steven Mnuchin said in an interview with CNBC.

in this round of stimulus, dependent children will receive the same $600 checks as adults, up from the $500 checks that children received through the CARES Act earlier in the spring. 

Senate Minority Leader Chuck Schumer, D-NY, described the bill as “just a first step.”

“This is an emergency, we need a second bill to continue dealing with the emergency and to start stimulating our economy so we get back to where we were and that will be job number one in the new Biden administration,” he said on Sunday.

So who gets a check?

  • Single people earning up to $75,000 will receive $600, while married couples earning up to $150,000 will receive $1,200
  • Dependent children: $600 for each child, up from $500 in the CARES Act

What else is in this relief bill?

  • $300 a week in extra unemployment aid
  • $284 Billion in PPP loans for small businesses
  • $20 billion in Economic Injury Disaster Loans
  • $15 billion for live venues, independent movie theaters and cultural institutions
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