$600 Stimulus Payments Have Started Going Out

$600 Stimulus Payments Have Started Going Out

Americans could start seeing direct stimulus payments in their bank accounts as soon as Tuesday night, Treasury Secretary Steven Mnuchin announced Tuesday.

The Coronavirus Response and Relief Supplemental Appropriations Act of 2021, a $900 billion relief package to deliver the second round of economic stimulus for individuals, families, and businesses, was signed into law Dec. 27, 2020. The bill provides relief through multiple measures and expands many of the provisions already put into place under the Coronavirus Aid, Relief, and Economic Security Act, including a second round of direct stimulus payments to individuals and families.

What You Need to Know

• Americans could start seeing direct stimulus payments in their bank accounts as soon as Tuesday night, Treasury Secretary Steven Mnuchin announced 
• “Paper checks will begin to be mailed tomorrow,” Mnuchin added in a follow-up tweet
• On Monday night, the House of Representatives overwhelmingly passed a measure to increase stimulus checks to $2,000 following the request of President Donald Trump
• Senate Majority Leader Mitch McConnell (R-KY) blocked a vote on a bill that would raise stimulus checks to $2,000