FOX Business’ Hillary Vaughn says House Democrats are preparing to roll out an additional phase of funding in a CARES Act 2.0 bill that could exceed $2 trillion. Rep. Jim Banks, R-Ind., later argues he doesn’t want to spend more money without cutting funds in other places.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
The IRS and the U.S. Treasury Department will begin sending economic stimulus payments on preloaded debit cards this week, the Trump administration said on Monday.
The IRS’ financial agent, MetaBank, will send nearly 4 million payments on prepaid cards – allowing recipients to withdraw funds from in-network ATMs, make purchases and transfer funds to their personal bank accounts without incurring any fees. The mailed package will include activation instructions.
SBA RELEASES CORONAVIRUS PPP LOAN FORGIVENESS APPLICATION
“Treasury and the IRS have been working with unprecedented speed to issue Economic Impact Payments…
