Dec 30, 2020
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About this Deal
Have you checked your bank account yet? Your economic impact payment may already be there.
Americans who have direct deposit set up through the Internal Revenue Service could have received their payment as early as Tuesday night. Paper checks are to start going out Wednesday, according to the Treasury Department.
And if you were wondering where things stand on the payments being bumped up to $2,000, it seems unlikely.
After blocking quick passage of a measure that would increase the payments, Senate Majority Leader Mitch McConnell introduced a bill Tuesday that includes demands by President Donald Trump – on contentious issues that Democrats are not likely to support and, thus, would kill any chances of increasing aid payments.
If the government does sign into law an additional boost, the Treasury said the payments "that have been issued will be topped up as quickly as possible." Meaning an additional payment with the difference would be dispatched.
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