Treasury Secretary Steven Mnuchin announced Thursday the Trump administration is supporting a $1 trillion coronavirus response package that includes up to $2,000 being sent to American adults and $1,000 per child.
Mnuchin explained on Fox Business Network the cash would go out in two phases, with $1,000 per adult and $500 per child being sent out in a matter of weeks. A family of four, including two parents and two children, would thus get $3,000 right off the bat.
“As soon as Congress passes this we’d get this out in three weeks, and then six weeks later, if the president still has a national emergency, we’ll deliver another $3,000,” Mnuchin said.
The treasury secretary justified the action, saying, “This is an unprecedented situation, where for good reason the government has instructed major parts of the economy to close down so that we can win this fight against this virus.”
“While we’re doing that, we understand there are impacts on hard-working Americans, and the president is determined that we are going to support them,” he added.
