On Thursday morning, Treasury Secretary Steven Mnuchin said Americans will get their stimulus checks through direct deposit within the next three weeks.
Steve Mnuchin’s statement comes just a day after the Senate unanimously approved the $2 trillion coronavirus stimulus package that includes a $1,200 payment to single Americans who make less than $75,000 a year, $2,400 for families that make under $150,000 a year, and $500 for each child under the age of 17. The bill is expected to pass the House and be signed into law by President Trump in the near future.
“First of all, most of these will be direct deposit, so we call them checks in the mail, but most of them will be direct deposits, it will be within three weeks,” Mnuchin told CNBC’s Jim Cramer. We’re determined to get money in people’s pocket immediately. So that will be within three weeks.”
Mnuchin is hopeful that Speaker Nancy Pelosi will act quickly to pass the bill, so Americans can get their money as quickly as possible.
“I would hope that the House passes this unanimously,” Mnuchin said. “I’ve already reached out to the speaker and to Kevin McCarthy on the sense of urgency.”