As the coronavirus begins to take its toll on the economy, the federal government on Tuesday said it was working to put cash directly in the hands of Americans.
“We are looking at sending checks to Americans immediately,” Treasury Secretary Steven Mnuchin told reporters. “Americans need cash now and the president wants to get cash now. And I mean now, in the next two weeks.”
The cash infusion would be part of an $850 billion stimulus package that Mnuchin is discussing with Senate Republicans — $50 billion of that which go to the embattled airline industry.
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Here’s what else we learned today:
Sigh of relief:
- Here’s one less thing to worry about for now: The IRS is giving Americans a three-month reprieve on paying their taxes this year — or until July 15 instead of April 15.
Nets catch it:
- Four members of the Brooklyn Nets have tested positive for the coronavirus — including superstar Kevin Durant.
- US stocks rebounded — one day after they took their worst hit since the crash of 1987 — as the Federal Reserve and the White House unveiled fresh moves to ease the economic mayhem that’s being wreaked by the epidemic.
- One small group of New Yorkers tried to keep the 250-year St. Patrick’s Day Parade tradition alive, despite it being indefinitely postponed over the coronavirus.
- But pubs across the Big Apple were empty.
- A 4-year-old British girl suffering from coronavirus-like symptoms grew worse after taking ibuprofen, according to her family. And in other concerning news, a Diamond Princess cruise ship passenger who was cleared of the virus tested positive again.
- Maybe that’s why no one is taking chances when it comes to the illness — not even New York City subway fare evaders.
- And are you working from home as recommended? Here are some tips on how to make your workspace more ergonomic.