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Treasury wants to send checks to Americans, starting April 6

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Posted at 9:06 AM, Mar 18, 2020
and last updated 2020-03-18 12:24:18-04

WASHINGTON (AP) — The Treasury Department wants to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic takes a toll on taxpayers and businesses.

In a memorandum issued Wednesday, Treasury is calling for two $250 billion cash infusions to individuals: A first set of checks issued starting April 6, with a second wave in mid-May.

The amounts would depend on income and family size.

The Treasury plan would require approval by Congress.

This story is developing and will be updated.