UpdatedWed, Dec 30, 2020 at 1:46 pm ET
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Senate Majority Leader Mitch McConnell blocked a vote Tuesday to increase stimulus payments to $2,000. (Shutterstock)
MASSACHUSETTS The latest stimulus payments were set to arrive as early as Tuesday night for some Massachusetts residents and will continue into next week, according to the Treasury Department and Internal Revenue Service.
Paper checks will begin to be mailed Wednesday.
Most people will receive a non-taxable payment of $600. Full payments will go to people who meet the following thresholds for adjusted gross income based on 2019 tax returns: $75,000 for single filers, $112,500 for heads of household and $150,000 for those married filing jointly. After those thresholds, the payments decrease and won t be available for single filers who earned more than $99,000. Adults also get $600 for each child they claim as a dependent.
Americans have been told that they could receive their $600 checks Tuesday
Steve Mnuchin, the Treasury Secretary, announced the roll-out had begun
Distribution comes as Trump is trying to get the $600 increased to $2,000
A bill to up the amount is languishing in the Senate
It is unclear how the payments would affect efforts to see the amount raised
Mitch McConnell has filed a rival bill with other items on Trump s wish list
His bill has the $2,000 stimulus checks plus a full repeal of section 230
It also features a guaranteed investigation into 2020 election fraud
Senate GOP blocks Democratic push for Trump s $2K checks | National union-bulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from union-bulletin.com Daily Mail and Mail on Sunday newspapers.
12/30/2020 6:21:27 AM GMT | By Haresh Menghani
AUD/USD gained strong traction on Wednesday and broke out of a multi-day-old trading range.
The risk-on mood undermined the safe-haven USD and benefitted the perceived riskier aussie.
Technical buying above the previous YTD tops also contributed to the strong intraday move up.
The heavily offered tone surrounding the USD pushed the AUD/USD pair further beyond mid-0.7600s, or the highest level since June 2018 during the Asian session on Wednesday.
Growing bets on a strong global economic recovery in 2021 remained supportive of the prevalent upbeat market mood. This, in turn, continued weighing on the safe-haven US dollar and was seen as one of the key factors benefitting perceived riskier currencies, including the Australian dollar.
US stocks on Tuesday pulled back from record highs as hopes for $2,000 direct stimulus payments faded. Senate Majority Leader Mitch McConnell on Tuesday blocked