UpdatedWed, Dec 30, 2020 at 10:08 am ET
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Senate Majority Leader Mitch McConnell blocked a vote Tuesday on increasing checks to $2,000. (Shutterstock)
A second round of stimulus check payments began arriving as early as Tuesday night for some New Yorkers and will continue into next week, the Treasury Department and the Internal Revenue Service announced.
Paper checks will begin to be mailed on Wednesday.
Most people who make under a certain amount will receive a one-time, 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.
Gorka to Newsmax TV: McConnell Doesn t Get It wgowam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wgowam.com Daily Mail and Mail on Sunday newspapers.
U.S. Stocks May Move Back To The Upside After Yesterday s Downturn
WASHINGTON (dpa-AFX) - After turning lower over the course of the previous session, stocks may move back to the upside in early trading on Wednesday. The major index futures are currently pointing to a moderately higher open for the markets, with the Dow futures up by 70 points.
Traders may make another attempt at window dressing going into the end of the year after profit taking set in following an early advance on Tuesday.
News that U.K. regulators have approved a coronavirus vaccine developed by AstraZeneca (AZN) and the University of Oxford for emergency use may also generate some positive sentiment.
English By VOA News Share on Facebook Print this page
U.S. Senate Majority Leader Mitch McConnell is urging his colleagues to override President Donald Trump s veto of a $740 billion defense spending measure in a vote expected this week.
“President Trump has rightly noted this year’s defense bill doesn’t contain every provision that we Republicans would have wanted. I’m confident our Democratic colleagues feel the same way,” McConnell said Tuesday.
“But that is the case every year. And yet, for 59 consecutive years and counting, Washington has put our differences aside, found common ground, and passed the annual defense bill.”