Treasury Secretary Steven Mnuchin said Monday that the federal government will deposit the stimulus payments into bank accounts next week, as included in the approximately $900 billion CCP virus package that Congress is expected to pass Monday. “The good news is this is a very, very fast way of getting money into the economy. Let me emphasize: People are going to see this money at the beginning of next week,” Mnuchin said in an interview on CNBC on Monday morning. “People go out and spend this money and that helps small business and that helps getting more people back to work,” he continued. “So it’s very fast, it’s money that gets recirculated in the economy.” Last night, Senate Majority Leader Mitch McConnell (R-Ky.) announced a deal was reached between the four leaders of the House and Senate. Mnuchin said that he favored a more targeted approach that focused on boosting industries hit …
Mnuchin: Stimulus Payments Will Be Deposited in Americans’ Bank Accounts Next Week
December 21, 2020
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