The United States Secretary of the Treasury, Steven Mnuchinannounced on Monday that direct checks payable to Americans will be due next week. “We could not be more pleased to have reached this agreement on time,” Mnuchin told CNBC.
Over the weekend, Democrats and Republicans reached an agreement on coronavirus relief aid worth $ 900 billion, the second largest in history after the CARES Act in March.
Market reaction
The US Dollar Index dropped slightly after these comments and was last seen gaining 0.3% daily at 90.40. Meanwhile, the S&P 500 Futures, which were down more than 2% earlier in the day, is currently losing 1.4%.
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