Finance News Opinons Politics

‘Americans Need Cash Now’ — Donald Trump Wants to Send Checks to Households Immediately

President Donald Trump said at the White House Tuesday he wanted the federal government to send direct payments to Americans suffering economically from the coronavirus as part of a larger rescue package.

“We’re going big,” Trump said, adding, “We want to go big, go solid.”
The proposal was detailed by Treasury Secretary Steven Mnuchin on Tuesday during a press briefing at the White House.

“We’re looking at sending checks to Americans immediately,” Mnuchin said, adding, “Americans need cash now and the president wants to get cash now.”


Mnuchin said that Americans could expect an individual stimulus within two weeks as he continued to negotiate with Congress.

He added that wealthy Americans would not get direct payments as they did not need it.

“I think it’s clear, we don’t need to send people who make millions of dollars a year checks, OK?” Mnuchin said to reporters. Trump agreed. “Obviously some people shouldn’t be getting checks for $1,000.


AI power players pour cash into competitive primaries as 2026 midterms heat up
Shutdown clock ticks as Schumer, Democrats dig in on DHS funding demands
Watch: Acting ICE Director Thwarts Eric Swalwell’s ‘Gotcha Question’ During Hearing
Watch: Bench-Clearing Brawl Throws NBA Game Into Chaos, Leads to 4 Ejections
DHS says illegal immigrant injured head after hitting concrete wall while fleeing ICE, denies beating claims
Fact Check: Did Bad Bunny Feature Viral 5-Year-Old Liam Ramos in Super Bowl Halftime Show?
DHS urges Newsom to honor ICE detainers after federal agent assaulted while arresting illegal alien at jail
Supreme Court Justice Alito says ‘things are so different’ since Scalia’s death
Clinton Judge Responds to California’s Attempts to Unmask ICE Agents
China panics after Takaichi declares intention to remilitarize Japan
Only one local detective on Nancy Guthrie case has over two years of experience on homicide squad: sources
Trump thanked Florida police for Epstein probe in 2000s, flagged ‘evil’ Ghislaine Maxwell: FBI doc
Progressive backed by Sanders, AOC pulls off upset ballot box shocker in Democratic congressional primary
US Skier Lindsey Vonn Reveals Extent of Her Injuries After Brutal Crash Ends Her Olympics — And Possibly Career
Who Would Have Guessed? Transit Agency in Cold-Weather State Buys EV Buses, Can’t Use Them in Freezing Cold

See also  The 2028 Democratic presidential contender must-have accessory: a tell-all book

Mnuchin said that some of the reported funding numbers of $850 billion for a rescue were probably more expensive than the final bill would be, but that details would be released later in the day.

“This is stuff that needs to be done now, the president has instructed to me that this is no fault to American workers,” he said.

Trump said there were four different ways to get funding directly to Americans, and said that although he supported a payroll tax cut, he was looking at a better way to get funding to Americans faster.

“We want to do something much faster than that,” Trump said.

There has been growing support among Republican Senators for direct payments to the American people as proposed by Breitbart economic editor John Carney on Saturday.

“You can think of this as something like business interruption payments for the American workers,” Mnuchin said.
Mnuchin left the press conference early to meet with members of Congress on Capitol Hill for a big economic rescue package to help businesses and workers.


AI power players pour cash into competitive primaries as 2026 midterms heat up
Shutdown clock ticks as Schumer, Democrats dig in on DHS funding demands
Watch: Acting ICE Director Thwarts Eric Swalwell’s ‘Gotcha Question’ During Hearing
Watch: Bench-Clearing Brawl Throws NBA Game Into Chaos, Leads to 4 Ejections
DHS says illegal immigrant injured head after hitting concrete wall while fleeing ICE, denies beating claims
Fact Check: Did Bad Bunny Feature Viral 5-Year-Old Liam Ramos in Super Bowl Halftime Show?
DHS urges Newsom to honor ICE detainers after federal agent assaulted while arresting illegal alien at jail
Supreme Court Justice Alito says ‘things are so different’ since Scalia’s death
Clinton Judge Responds to California’s Attempts to Unmask ICE Agents
China panics after Takaichi declares intention to remilitarize Japan
Only one local detective on Nancy Guthrie case has over two years of experience on homicide squad: sources
Trump thanked Florida police for Epstein probe in 2000s, flagged ‘evil’ Ghislaine Maxwell: FBI doc
Progressive backed by Sanders, AOC pulls off upset ballot box shocker in Democratic congressional primary
US Skier Lindsey Vonn Reveals Extent of Her Injuries After Brutal Crash Ends Her Olympics — And Possibly Career
Who Would Have Guessed? Transit Agency in Cold-Weather State Buys EV Buses, Can’t Use Them in Freezing Cold

See also  Judge says Abrego Garcia Supreme Court ruling may shape Venezuelan deportation case

Trump said that there was support from Congress to do something dramatic.

“It’s going to be big, it’s going to be bold,” Trump said. “And the level of enthusiasm to get something done, I don’t think I’ve seen anything quite like it.”

Story cited here.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter