Mnuchin: First coronavirus rebates to be issued 'within two weeks'

Treasury Secretary Steven Mnuchin said Thursday that the first coronavirus relief payments to Americans will be sent "within two weeks."

"I previously said this would take us three weeks," Mnuchin said at a White House press briefing. "I'm pleased to report that within two weeks, the first payments will be direct deposit[ed] into taxpayers' accounts."

Under the coronavirus relief package that President Trump signed last week, most Americans will receive direct payments of up to $1,200 per adult and $500 per child.

Mnuchin's comments come after the Democratic-led House Ways and Means Committee prepared a document that said the IRS would likely start making payments via direct deposit the week of April 13.

But the document, which was based on committee staff's conversations with the IRS and Treasury, also said that the IRS was expected to start issuing paper checks in early May and that it could take up 20 weeks for all the paper checks to get out.

Mnuchin pushed back when asked about the lengthy timetable during the briefing.

"I don’t know where you’re hearing these things," he said. "I told you this would be three weeks, I’m now committing to two weeks. We’re delivering on our commitmen... (Read more)

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