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.


ICE accuses Dem lawmaker of joining ‘rioting crowd’ in Arizona, interfering in mass arrest
Trump rips Indiana GOP leader over redistricting fight, warns Republicans could face ‘MAGA primary’
Human skull, other remains found in bushes by Brooklyn’s Coney Island as investigators work to unravel mystery
Trump administration establishes militarized zone in California: “Strengthen border security operations”
Trump admin weighs terrorism sanctions against UN Palestinian aid agency over Hamas allegations
Ukrainian woman charged over Russian-backed cyberattacks; $10M reward offered for others
Walz urges Noem to ‘reassess’ immigration enforcement strategy in Minnesota after alleged citizen arrests
Obama surprises Chicago students in Santa hat for holiday library storytime reading session
Activist group hits federal judge with judicial misconduct complaint for attending Trump rally
Elite College Football Program Rocked, Head Coach Fired in Salacious Scandal
Former music teacher allegedly groomed and had inappropriate relationship with teen student
Democrat Notches Party’s First Win in Decades in Major Red State Mayor’s Race
Multiple Suspects Arrested After 7 Students Overdose at a Single College Party
Microsoft Announces $17.5 Billion Investment in India After Laying Off Thousands of Americans in 2025
Colorado repeat offender freed from jail less than two weeks before allegedly killing mother of three: report

See also  New dark money network could exploit campaign finance loophole banning federal contractors from spending on politics

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.


ICE accuses Dem lawmaker of joining ‘rioting crowd’ in Arizona, interfering in mass arrest
Trump rips Indiana GOP leader over redistricting fight, warns Republicans could face ‘MAGA primary’
Human skull, other remains found in bushes by Brooklyn’s Coney Island as investigators work to unravel mystery
Trump administration establishes militarized zone in California: “Strengthen border security operations”
Trump admin weighs terrorism sanctions against UN Palestinian aid agency over Hamas allegations
Ukrainian woman charged over Russian-backed cyberattacks; $10M reward offered for others
Walz urges Noem to ‘reassess’ immigration enforcement strategy in Minnesota after alleged citizen arrests
Obama surprises Chicago students in Santa hat for holiday library storytime reading session
Activist group hits federal judge with judicial misconduct complaint for attending Trump rally
Elite College Football Program Rocked, Head Coach Fired in Salacious Scandal
Former music teacher allegedly groomed and had inappropriate relationship with teen student
Democrat Notches Party’s First Win in Decades in Major Red State Mayor’s Race
Multiple Suspects Arrested After 7 Students Overdose at a Single College Party
Microsoft Announces $17.5 Billion Investment in India After Laying Off Thousands of Americans in 2025
Colorado repeat offender freed from jail less than two weeks before allegedly killing mother of three: report

See also  Top US political figures lend legitimacy to Qatari forum allied with array of anti-American groups

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