The Treasury Department wants to start issuing direct payments to Americans as early as April as part of a $1 trillion plan to stabilize the economy as the COVID-19 epidemic threatens to hurt taxpayers and businesses, according to a report by AP News.
The Treasury proposal includes two $250 billion cash infusions to individuals: A first set of checks issued starting April 6, with a second wave in mid-May. The amounts would depend on income and family size.
Congress would need to approve the plan that also recommends $50 billion to stabilize the airlines, $150 billion to issue loan guarantees to other struggling sectors, and $300 billion for small businesses
