The US government is preparing to send checks to citizens within three weeks in order to compensate for their losses due to an outbreak of coronavirus infection, said Treasury Secretary Stephen Mnuchin.
The White House is working to send $ 1,000 checks to adult Americans within three weeks to compensate for their losses due to the COVID-19 coronavirus pandemic. This was announced in an interview with Fox Business on March 19 by Finance Minister Stephen Mnuchin.
According to him, a one-time payment for a child will be $ 500, a family of four will receive $ 3,000.
The minister suggests that if the crisis continues for another six weeks, the federal government will provide citizens with another check for the same amount.
So far, the income threshold for Americans who can claim a receipt has not been precisely determined. Mnuchin said that people spending a million dollars a year would not need help from the government.
Because of the pandemic, the United States economy fell into recession, in the second quarter of 2020, the fall could reach 12% of GDP, says Bank of America economist Michelle Mayer.
According to the Johns Hopkins University, which monitors the spread of coronavirus, as of the morning of March 21, 275,434 cases of coronavirus infection were registered worldwide. Cases with a fatal outcome – 11 399, were cured of COVID-19 88 256 people. The United States leads in the number of cases – over the past day the number of cases of COVID-19 in this country increased by 5379.