Perry, Smucker buck Trump over $2,000 COVID-19 payments mdjonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mdjonline.com Daily Mail and Mail on Sunday newspapers.
Stock market news today: $600 stimulus checks set to arrive this week businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.
US stocks end higher as $600 stimulus checks set to arrive this week
Matthew FoxDec 31, 2020, 03:17 IST
President Trump alongside Treasury Secretary Steven MnuchinGetty
US
stocks closed higher on Wednesday as $600 stimulus checks were set to hit the bank accounts of millions of Americans later this week, according to Treasury Secretary Steven Mnuchin.
Investors also cheered the UK s decision to grant emergency use authorization to AstraZeneca s COVID-19 vaccine.
US stocks gained on Wednesday as $600 stimulus checks were set to be deposited into millions of Americans bank accounts later this week, according to Treasury Secretary Steven Mnuchin.
The stimulus checks could be increased if the Senate takes up the vote and passes a measure from the House that would increase the size of the payments to $2,000.
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Stimulus payments of $600 are on their way to Virginia and the District of Columbia. Senate Majority Leader Mitch McConnell blocked a vote on increasing checks to $2,000. (Shutterstock)
WASHINGTON, DC Hopes for a round of $2,000 coronavirus relief checks were blocked in the U.S. Senate Tuesday, but a second round of stimulus check payments began arriving Tuesday night for some Virginia and DC residents and will continue into next week, the Treasury Department and the Internal Revenue Service said.
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.