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.


White House Joins Musk in Striking Back at European Union Regulation: ‘An Attack on All American Tech Platforms’
Pete Hegseth Announce Festive New Christmas Celebration for the Pentagon
Report: 48 More Christians Slaughtered in Nigeria, Hundreds of Homes Destroyed
Trump-linked companies and family crypto ventures take a hit in second term
FBI’s renewed push in DC pipe bomb case shows how fresh eyes can change a stalled investigation
Marine who was killed in vehicle training accident at California base identified
Police say criminal illegal alien injured 4 officers in Nebraska gas station shootout
NYC mayor-elect tells residents how to resist ICE agents knocking at their door in new video
Oklahoma trooper helps deliver newborn on highway shoulder: ‘The baby is coming!’
Congress unveils $900B defense bill targeting China with tech bans, investment crackdown, US troop pay raise
Trump adds his birthday as free national park day while axing MLK Day and Juneteenth
Obama Proves He’s Stuck in the Past, Offers Desperate Defense of Legacy Media
In Texas cattle country, one rancher welcomes Trump’s focus on decades of thin margins
MTG says she was denied security detail despite 773 death threats
A Detailed Account of the Nightmarish National Guard Shooting: Court Docs

See also  Stefanik blasts Johnson, GOP as ‘getting rolled’ by House Democrats

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.


White House Joins Musk in Striking Back at European Union Regulation: ‘An Attack on All American Tech Platforms’
Pete Hegseth Announce Festive New Christmas Celebration for the Pentagon
Report: 48 More Christians Slaughtered in Nigeria, Hundreds of Homes Destroyed
Trump-linked companies and family crypto ventures take a hit in second term
FBI’s renewed push in DC pipe bomb case shows how fresh eyes can change a stalled investigation
Marine who was killed in vehicle training accident at California base identified
Police say criminal illegal alien injured 4 officers in Nebraska gas station shootout
NYC mayor-elect tells residents how to resist ICE agents knocking at their door in new video
Oklahoma trooper helps deliver newborn on highway shoulder: ‘The baby is coming!’
Congress unveils $900B defense bill targeting China with tech bans, investment crackdown, US troop pay raise
Trump adds his birthday as free national park day while axing MLK Day and Juneteenth
Obama Proves He’s Stuck in the Past, Offers Desperate Defense of Legacy Media
In Texas cattle country, one rancher welcomes Trump’s focus on decades of thin margins
MTG says she was denied security detail despite 773 death threats
A Detailed Account of the Nightmarish National Guard Shooting: Court Docs

See also  Washington DC lights the National Christmas Tree

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