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Senate Minority Leader Chuck Schumer announced Tuesday that congressional Democrats and the Trump administration have reached a deal for an interim relief package to mitigate the economic fallout of the coronavirus pandemic.
The stimulus checks that Treasury Secretary Steven Mnuchin says will be deposited into Americans' bank accounts "within three weeks" won't be enjoyed by everyone.
The Senate passed a $2 trillion coronavirus relief package late Wednesday night. The vote was 96 - 0.
The Senate on Monday failed for the second time to clear a key procedural hurdle to advance a massive legislative package designed to provide economic relief to American workers and industries battered by the coronavirus outbreak, as tensions boiled over among senators who vocalized their frustrations with one another over negotiations.
Americans will have an additional three months to file their taxes, with Treasury Secretary Steven Mnuchin announcing Friday that Tax Day has been shifted to July 15 from the usual April 15.
The first federal checks to families could be $3,000 for a family of four under the White House proposal to unleash $1 trillion for the coronavirus outbreak. That's according to Treasury Secretary Steven Mnuchin.
The White House and Congress moved quickly to craft the parameters of a massive stimulus bill to prop up the economy in response to the coronavirus crisis on Tuesday.
The Trump administration on Tuesday imposed major new travel restrictions on visits to Cuba by U.S. citizens, banning stops by cruise ships and ending a heavily used form of educational travel as it seeks to further isolate the communist government.
Sending Wall Street into a slide, China announced higher tariffs Monday on $60 billion worth of American goods in retaliation for President Donald Trump's latest penalties on Chinese products.
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