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US Treasury wants to send out checks to help economy

US Treasury wants to send out checks to help economy

US Treasury wants to send out checks to help economy

WASHINGTON (AP) The Treasury Department wants to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic takes a toll on taxpayers and businesses.

In a memorandum issued Wednesday, Treasury is calling for 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. The Treasury plan would require approval by Congress.

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