Mnuchin: Tentative Coronavirus Package Will Include Average Of $3,000 To A Family Of Four

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Treasury Secretary Steven Mnuchin said Sunday that a tentative stimulus package in response to the coronavirus outbreak will include two weeks of loans to small businesses and an average payment of $3,000 to a family of four.

“The president is very determined to protect American workers. The first part are what I call small business retention loans. If you’re a small business, you’ll get two weeks of cash flow to pay your workers. You’ll also get some overhead, and if you do that, your loans will be forgiven,” Mnuchin said on “Fox News Sunday.”

“The second part is direct deposits. The average direct deposit or check for a family of four will be approximately $3,000 — a bridge for them to get through this quickly. The third component is enhanced unemployment. The fourth component is a significant package working with the federal reserve. We’ll have up to $4 trillion to support liquidity that we can use to support the economy,” he added.

Read more at The Hill.

{Matzav.com}


2 COMMENTS

  1. B”H!!!
    Many gedolim have commented over the years, that one of the reasons America has a kiyum is because it’s a medina shel chesed. Do the confusion and the fact that many people have an excuse to wiggle out of giving maos chittim this year, at least the government will be giving kimcha dipischa to lower income families. Baruch Hashem!

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