Daily Labor Report®

Mnuchin Backs $1,000 Per Adult, $500 Per Child in Payments (1)

March 19, 2020, 1:30 PM

U.S. Treasury Secretary Steven Mnuchin said he supports direct payments of $1,000 per adult and $500 per child to Americans within three weeks if Congress backs the plan.

“The president is determined that we are going to support” those affected, Mnuchin said in a Fox Business interview Thursday morning.

Cash handouts to all American households are gaining support in Congress as the best way to shore up an economy brought to a near-standstill by the coronavirus response.

As Americans are halting much of their daily lives to avoid spreading the virus and markets continued to plunge, the White House is...

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